A more thorough explanation:

An acceptor is a person or entity that agrees to be responsible for the payment or performance of a negotiable instrument. This means that they are legally obligated to fulfill the terms of the instrument.

• When a business accepts a check as payment for goods or services, they become the acceptor of the check.
• A bank that accepts a promissory note from a borrower is also an acceptor.

These examples illustrate how an acceptor takes on the responsibility of fulfilling the terms of a negotiable instrument. In the case of a check, the business that accepts it becomes responsible for depositing it and ensuring that there are sufficient funds to cover the payment. Similarly, a bank that accepts a promissory note becomes responsible for collecting the payments from the borrower.