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Legal Definitions - reconciliation
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Definition of 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.
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Simple Definition
Reconciliation means making peace between people or things that were fighting or in conflict. For example, if two friends had a big argument and stopped talking to each other, they might need to have a reconciliation to become friends again. In family law, reconciliation can also mean when a married couple decides to get back together after separating. In accounting, reconciliation means making sure that the money in a bank account matches the records of the person or company who owns the account.
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