Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Consolidated Omnibus Budget Reconciliation Act of 1985
A federal statute that requires employers who offer group health coverage to their employees to continue to do so for a prescribed period (usu. 18 to 36 months) after employment has terminated so that the employee can continue to benefit from grouphealth rates until becoming a member of another health-insurance plan. ( The statute temporarily continues group coverage for a person no longer entitled to receive it, such as a terminated employee or an overage dependent. - Abbr. COBRA.
reconciliation
n. 1. Restoration of harmony between persons or things that had been in conflict <a reconciliation between the plaintiff and the defendant is unlikely even if the lawsuit settles before trial. 2. Family law. Voluntary resumption, after a separation, of full marital relations between spouses <the court dismissed the divorce petition after the parties' reconciliation>. 3. Accounting. An adjustment of accounts so that they agree, esp. by allowing for outstanding items. - reconcile (rek-an-sil), vb.
reconciliation statement
An accounting or financial statement in which discrepancies are adjusted.
sub spe reconciliationis
[Latin] Hist. Under the hope of reconcilement.