Reception is the noun form of receive. So at a formal reception, guests are received or welcomed or "taken in". A bad TV reception means the signal isn't being received well. When a new novel receives good reviews, we say it has met with a good critical reception.
1. the act of receiving or the state of being received. 2. a manner of being received: The book met with a favorable reception. 3. a function or occasion when persons are formally received. 4. the quality or fidelity attained in receiving radio or television broadcasts under given circumstances.
a manner of being received:[countable] The book met with a favorable reception. a function, party, or occasion when persons are formally received:[countable] a wedding reception.