To receive with a consenting mind (something
offered); as, to accept a gift; -- often followed by
of.
To receive with favor; to approve.
To receive or admit and agree to; to assent to;
as, I accept your proposal, amendment, or excuse.
To take by the mind; to understand; as, How are
these words to be accepted?
To receive as obligatory and
promise to pay; as, to accept a bill of exchange.
In a deliberate body, to receive in acquittance
of a duty imposed; as, to accept the report of a committee. [This
makes it the property of the body, and the question is then on its
adoption.]
In celebration of Noah Webster's Birthday (October 16, 2009), we have prepared an updated website. 
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