Business / Real Estate / Reconciliation: 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.
Reconciliation Noun Synonyms: conciliation, appeasement, propitiation, pacification, placation, rapprochement, reconcilement, understanding, d‚tente, reunion, harmony, concord, accord, amity, rapport
Business / Human Resources (HR) / Consolidated Omnibus Reconciliation Act (COBRA) Of 1985: Under the Consolidated Omnibus Budget Reconciliation Act of 1985, if an employee terminates employment with the company, the employee is entitled to continue participating in the company’s group hea MORE
Business / Accounting / Bank Reconciliation: The process of systematically comparing the cash balance as reported by the bank with the cash balance on the company's books and explaining any differences. MORE