To end hostilities; to reach a peace agreement.
Both countries can rebuild now that they have made peace with each other.
To settle a dispute or disagreement.
The committee made peace and agreed to go with the new plan.
To initiate or resume a cordial relationship after a period of animosity.
He's finally made peace with his estranged father.
To accept something, especially if it is considered unfavourable.
I've finally made peace with the fact that having diabetes means no more sugar.