Reconciliation (United States Congress) Reconciliation is a legislative process of the United States Congress that allows expedited passage of certain budgetary legislation on spending, revenues, and the federal debt limit with a simple majority vote in both the House (218 votes) and Senate (51 votes).
surrender - Legal Definition n Delivery into the possession of another, such as vacating of property by the tenant before the lease has terminated so that the landlord may consider termination to have occurred; the giving up of a claim or a right; yielding to the control or power of another; the return of an estate to the one who has a reversion so as to merge the estate into a larger one.
Cash Surrender Value (CSV) Cash surrender value refers to the amount of money that an insurance company will compensate a life insurance or annuity policyholder in case of a voluntary termination of the policy before it matures or the death of the insured. It is a feature available in most permanent life insurance policies with a savings component.