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English definition of “reconciliation”

reconciliation

noun [C or U]
 
 
/ˌrekənˌsɪliˈeɪʃən/
ACCOUNTING the process of comparing different financial accounts, amounts, etc. in order to check that they add up to the same total or to explain any differences between them: We haven't done a reconciliation yet.
→ See also bank reconciliation
(Definition of reconciliation from the Cambridge Business English Dictionary © Cambridge University Press)
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