Word:

Admission

Ad`mis´sion
n.1.The act or practice of admitting.
2.Power or permission to enter; admittance; entrance; access; power to approach.
What numbers groan for sad admission there!
- Young.
3.The granting of an argument or position not fully proved; the act of acknowledging something serted; acknowledgment; concession.
The too easy admission of doctrines.
- Macaulay.
4.(Law) Acquiescence or concurrence in a statement made by another, and distinguishable from a confession in that an admission presupposes prior inquiry by another, but a confession may be made without such inquiry.
5.A fact, point, or statement admitted; as, admission made out of court are received in evidence.
6.(Eng. Eccl. Law) Declaration of the bishop that he approves of the presentee as a fit person to serve the cure of the church to which he is presented.
Noun1.Admissionadmission - the act of admitting someone to enter; "the surgery was performed on his second admission to the clinic"
Synonyms: admittance
2.admission - an acknowledgment of the truth of something
3.admission - the fee charged for admission

ADMISSION, in corporations or companies. The act of the corporation or company by which an individual acquires the rights of a member of such corporation or company.
     2. In trading and joint stock corporations no vote of admission is requisite; for any person who owns stock therein, either by original subscription or by conveyance, is in general entitled to, and cannot be refused, the rights and privileges of a member. 3 Mass. R. 364; Doug. 524; 1 Man. & Ry. 529.
     3. All that can be required of the person demanding a transfer on the books, is to prove to the corporation his right to the property. See 8 Pick. 90.
     4. In a Mutual Insurance Company, it has been held, that a person may become a member by insuring his property, paying the premium and deposit- money, and rendering himself liable to be assessed according to the rules of the corporation. 2 Mass. R. 315.

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