Legal Definitions - reconciliation

Definition: Reconciliation is the process of restoring harmony between people or things that were in conflict. It can also refer to the voluntary resumption of full marital relations between spouses after a separation. In accounting, it means adjusting accounts so that they agree by allowing for outstanding items.

Example 1: After a long and bitter argument, the two friends finally had a reconciliation and were able to put their differences aside.

Example 2: The couple decided to try for a reconciliation and work on their marriage after a period of separation.

Example 3: The accountant spent hours reconciling the company's bank statements to ensure that all transactions were accounted for.

These examples illustrate how reconciliation can refer to restoring harmony between people, resuming a relationship, or adjusting accounts to ensure accuracy.