The Collaborative International Dictionary of English v.0.48:

Receive \Re*ceive"\ (r[-e]*s[=e]v"), v. t. [imp. & p. p.
   Received (r[-e]*s[=e]vd"); p. pr. & vb. n. Receiving.]
   [OF. receveir, recevoir, F. recevoir, fr. L. recipere; pref.
   re- re- + capere to take, seize. See Capable, Heave, and
   cf. Receipt, Reception, Recipe.]
   1. To take, as something that is offered, given, committed,
      sent, paid, or the like; to accept; as, to receive money
      offered in payment of a debt; to receive a gift, a
      message, or a letter.
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            Receyven all in gree that God us sent. --Chaucer.
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   2. Hence: To gain the knowledge of; to take into the mind by
      assent to; to give admission to; to accept, as an opinion,
      notion, etc.; to embrace.
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            Our hearts receive your warnings.     --Shak.
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            The idea of solidity we receive by our touch.
                                                  --Locke.
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   3. To allow, as a custom, tradition, or the like; to give
      credence or acceptance to.
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            Many other things there be which they have received
            to hold, as the washing of cups, and pots. --Mark
                                                  vii. 4.
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   4. To give admittance to; to permit to enter, as into one's
      house, presence, company, and the like; as, to receive a
      lodger, visitor, ambassador, messenger, etc.
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            They kindled a fire, and received us every one.
                                                  --Acts xxviii.
                                                  2.
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   5. To admit; to take in; to hold; to contain; to have
      capacity for; to be able to take in.
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            The brazen altar that was before the Lord was too
            little to receive the burnt offerings. --1 Kings
                                                  viii. 64.
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   6. To be affected by something; to suffer; to be subjected
      to; as, to receive pleasure or pain; to receive a wound or
      a blow; to receive damage.
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            Against his will he can receive no harm. --Milton.
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   7. To take from a thief, as goods known to be stolen.
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   8. (Lawn Tennis) To bat back (the ball) when served.
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   Receiving ship, one on board of which newly recruited
      sailors are received, and kept till drafted for service.
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   Syn: To accept; take; allow; hold; retain; admit.

   Usage: Receive, Accept. To receive describes simply the
          act of taking. To accept denotes the taking with
          approval, or for the purposes for which a thing is
          offered. Thus, we receive a letter when it comes to
          hand; we receive news when it reaches us; we accept a
          present when it is offered; we accept an invitation to
          dine with a friend.
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                Who, if we knew
                What we receive, would either not accept
                Life offered, or soon beg to lay it down.
                                                  --Milton.
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The Collaborative International Dictionary of English v.0.48:

Receive \Re*ceive"\ (r[-e]*s[=e]v"), v. i.
   1. To receive visitors; to be at home to receive calls; as,
      she receives on Tuesdays.
      [1913 Webster]

   2. (Lawn Tennis) To return, or bat back, the ball when
      served; as, it is your turn to receive.
      [1913 Webster]

WordNet (r) 3.0 (2006):

receive
    v 1: get something; come into possession of; "receive payment";
         "receive a gift"; "receive letters from the front" [syn:
         receive, have]
    2: receive a specified treatment (abstract); "These aspects of
       civilization do not find expression or receive an
       interpretation"; "His movie received a good review"; "I got
       nothing but trouble for my good intentions" [syn: receive,
       get, find, obtain, incur]
    3: register (perceptual input); "pick up a signal" [syn: pick
       up, receive]
    4: go through (mental or physical states or experiences); "get
       an idea"; "experience vertigo"; "get nauseous"; "receive
       injuries"; "have a feeling" [syn: experience, receive,
       have, get]
    5: express willingness to have in one's home or environs; "The
       community warmly received the refugees" [syn: receive,
       take in, invite]
    6: accept as true or valid; "He received Christ"
    7: bid welcome to; greet upon arrival [syn: welcome,
       receive] [ant: say farewell]
    8: convert into sounds or pictures; "receive the incoming radio
       signals"
    9: experience as a reaction; "My proposal met with much
       opposition" [syn: meet, encounter, receive]
    10: have or give a reception; "The lady is receiving Sunday
        morning"
    11: receive as a retribution or punishment; "He got 5 years in
        prison" [syn: get, receive]
    12: partake of the Holy Eucharist sacrament
    13: regard favorably or with disapproval; "Her new collection of
        poems was not well received"