For Reconciliation we have terms and definitions in 5 topics. The topics are Accounting, Accounting Terms, Congressional, Family Law and Real Estate.

Reconciliation (Accounting)

is the adjusting of the difference between two items (e.g.balancesamountsstatementsor accounts) so that the figures are in agreement. Often the reasons for the differences must be explained. One example would be reconciling a checking account (bringing the checking ledger and bank balance statement into agreement).

Reconciliation (Accounting Terms)

Comparison of two numbers to demonstrate the basis for the difference between them.

Reconciliation (Congressional)

The 1974 budget act provides for a "reconciliation" procedure for bringing existing tax and spending laws into conformity with ceilings enacted in the congressional budget resolutions. Under the procedure, Congress instructs designated legislative committees to approve measures adjusting revenues and expenditures by a certain amount. The committees have a deadline by which they must report the legislation, but they have the discretion of deciding what changes are to be made. The recommendations of the various committees are consolidated without change by the budget committees into an omnibus reconciliation bill, which the must be considered and approved by both houses of Congress. The orders to congressional committees to report recommendations for reconciliation bills are called reconciliation instructions, and they are contained in the budget resolution.

Reconciliation (Family Law)

Married people getting back together.

Reconciliation (Real Estate)

1. The final step in an appraisal process, in which the appraiser reconciles the estimates of value received from the direct sales comparison, cost, and income approaches to arrive at a final estimate of market value for the subject property. 2. The balancing of entries in a double-entry accounting system. (See appraisal)

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