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to accept, to receive something willingly or to agree with something
Acepté el regalo con gusto.
I accepted the gift gladly.
No acepto críticas injustas.
I don't accept unfair criticism.
to admit or acknowledge something
El acusado aceptó los cargos.
The accused accepted the charges.
Often used with 'de buen grado' (willingly) or 'con gusto' (gladly).
From Latin 'acceptare', from 'ad-' (to) + 'capere' (to take).
Commonly used in both formal and informal contexts.