👉 "Reconcede" is a phrase in the English language that refers to a person who has previously given something back or acknowledged an obligation. It implies that they have not only fulfilled their part of the agreement, but also acknowledge it. This can be particularly useful when discussing responsibilities and obligations where one party may have already performed their part. In the context of business transactions, reconcession might refer to: 1. The act of returning a payment or other consideration from another party for services rendered. 2
