Reconciliation

Definition

  • Getting two things to correspond. For example, making sure your chequebook agrees with the bank's records.
  • Re-establishing cordial relations.

Synonyms
getting back together, agreement, accord, settlement

Related Terms and Acronyms

  • Commingling Definition,
    • Lumping together money from different sources so the sources cannot be distinguished.
  • Common Law Marriage (CLM) Acronym,
    • To be recognized as being married without foregoing a matrimonial ceremony.
  • Division of Property Definition,
    • The dividing of marital assets during a divorce.
  • General Account (GA) Acronym, Very Important,
    • Investments and assets that an insurer uses for paying benefits and claims.
  • Joint Account (J/A) Acronym, Important,
    • A bank account owned by two or more persons who share equally in the rights and liabilities of the account.
  • Marital Deduction Definition,
    • For estate tax and gift tax purposes, a deduction that allows you to transfer assets to your spouse tax-free.
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