Reconciliation

Definition

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

Synonyms
getting back together, settlement, agreement, accord

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.