Related Words

Cilia: Hair-like organelles extending from the membrane of many eukaryotic cells; often function in locomotion (sing.: cilium).

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 g . . . View Full Definition

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.

Account Reconciliation: The reviewing and adjusting of the balance in a personal checkbook to match your bank statement.

Consolidated Omnibus Budget Reconciliation Act (COBRA): A federal act which requires each group health plan to allow employees and certain dependents to continue their group coverage for a stated period of time following a qualifying event that c . . . View Full Definition

Conciliation Agreement: A binding written agreement between a contractor and OFCCP that details specific contractor commitments to resolve major or substantive violations of Executive Order 11246, the Rehabilitatio . . . View Full Definition

Omnibus Budget Reconciliation Act (OBRA) Of 1990: A federal act which established the Medicare SELECT program, a Medicare supplement that uses a preferred provider organization to supplement Medicare Part B coverage.

Revenue Reconciliation Act Of 1993: Legislation created to reduce the federal budget deficit by cutting spending and increasing taxes.

Personal Responsibility and Work Opportunity Reconciliation Act Of 1996: P.L. 104-193 (September 22, 1996) was labeled as a major 'welfare reform' initiative. In addition to provisions making major changes to federal cash welfare, medicaid, work, and child care d . . . View Full Definition

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 fina . . . View Full Definition