The act of explaining, expounding or interpreting; exposition; illustration; interpretation; the act of clearing from obscurity and making intelligible; as the explanation of a passage in scripture, or of a contract or treaty.

The sense given by an expounder or interpreter.

A mutual exposition of terms, meaning or motives, with a view to adjust a misunderstanding and reconcile differences. Hence, reconciliation, agreement or good understanding of parties who have been at variance. The parties have come to an explanation.