DEFINITION of 'Acceptance Testing'

A functional trial performed on a product before it is put on the market or delivered to the purchaser. The acceptance testing process is designed to replicate the anticipated real-life use of the product to ensure that what the consumer or end user receives is fully functional and meets their needs and expectations.

BREAKING DOWN 'Acceptance Testing'

The acceptance testing process acts as a form of quality control to identify problems and defects at a stage where any issues can still be corrected relatively painlessly. The term "acceptance testing" is commonly used in the field of engineering, particularly in reference to software testing or mechanical hardware testing.

  1. Acceptance Sampling

    A statistical measure used in quality control. A company cannot ...
  2. Stress Testing

    A simulation technique used on asset and liability portfolios ...
  3. Total Revenue Test

    A total revenue test approximates price elasticity of demand ...
  4. Value Engineering

    Value engineering is a systematic and organized approach to providing ...
  5. Bank Stress Test

    An analysis conducted under unfavorable economic scenarios which ...
  6. Clinical Trials

    A study of human volunteers that evaluates the safety and efficacy ...
Related Articles
  1. Personal Finance

    Banker's Acceptance 101

    A banker's acceptance, or a negotiable time draft a bank guarantees to pay at a predetermined date, is a common way of financing international trade activity.
  2. Personal Finance

    Top 20 Countries With the Highest GMAT Scores

    A total of 42 countries had higher average scores than the U.S. in the last testing year.
  3. Managing Wealth

    An Investor's Guide To Bank Stress-Testing

    Just how are bank stress tests performed and what is the logic behind them? And is a stress test useful for evaluating a bank's stock?
  4. Insights

    Ace the U.S. Citizenship Test!

    A guide to the U.S. citizenship test for immigrants.
  5. Trading

    Backtesting and Forward Testing: The Importance of Correlation

    Correlations between backtesting and forward performance testing results can help you optimize your trading system.
  6. Insights

    Tesla's Model S Fails to Ace Crash Test

    Tesla’s Model S failed to win the top score in a crash test, challenging the company’s claim that its best-selling vehicle is the safest ever.
  7. Investing

    The Best Litmus Test Of A Company's Risk? The Acid Test

    The acid test measures a company’s short-term liquidity.
  1. What is usability testing, and why is it so important in the Internet sector

    Learn why a company would want to conduct a usability test and what types of data and information become available with this ... Read Answer >>
  2. What is the Utility Function and How is it Calculated?

    Learn what the utility function is in microeconomic theory and how it is calculated based on a functional form that represents ... Read Answer >>
  3. Are series 63 exams given outside of the United States?

    Learn more about the series 63 exam, and find out about testing locations and citizenship requirements. Discover which materials ... Read Answer >>
  4. What does it mean when a drug is in clinical trials and how long does it take to ...

    Consider the fact that most drugs take years to get through the clinical trial process before investing in cutting-edge pharmaceutical ... Read Answer >>
  5. What are common trading strategies when identifying a double top

    Learn strategies traders use when a double top pattern is spotted. This pattern is common and can be profitable in the equity ... Read Answer >>
Hot Definitions
  1. Entrepreneur

    An Entrepreneur is an individual who founds and runs a small business and assumes all the risk and reward of the venture. ...
  2. Money Market

    The money market is a segment of the financial market in which financial instruments with high liquidity and very short maturities ...
  3. Perfect Competition

    Pure or perfect competition is a theoretical market structure in which a number of criteria such as perfect information and ...
  4. Compound Interest

    Compound Interest is interest calculated on the initial principal and also on the accumulated interest of previous periods ...
  5. Income Statement

    A financial statement that measures a company's financial performance over a specific accounting period. Financial performance ...
  6. Leverage Ratio

    A leverage ratio is any one of several financial measurements that look at how much capital comes in the form of debt, or ...
Trading Center