acknowledgement

Definition 1

General: Statement declaring something to be factual or true (or confirming something to be genuine) and certified by a competent authority. Also called verification.

Definition 2

Commerce: Written (or electronic) communication to the buyer that the seller has accepted the buyer's purchase order. This acknowledgement creates a binding contract on both parties.

Definition 3

Computing: Message (such as one used in 'handshaking' process between two modems) that indicates the status of communications received. Commonly written as ACK.

Definition 4

Law: (1) Formal declaration made under oath, or in the presence of a notary public or other competent authority. (2) Avowal of debt after which the right of action to recover debt accrues to the debtor (and not before).

Definition 5

Marine insurance: Document issued to confirm that a particular shipment is covered under an insurance policy.