Accepting some words of welcome, short of time (8)
I believe the answer is:
agreeing
'accepting' is the definition.
(agreeing is a kind of accepting)
I don't understand how the remainder of the clue works.
Can you help me to learn more?
(Other definitions for agreeing that I've seen before include "In accordance with" , "In concurrence" , "Correspondent" , "Holding same opinion" , "Consenting" .)