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.
February 1, 2014. A surrender is a full cancellation of a life insurance policy. You are allowed to surrender your policy at any time. A surrender does not affect your credit score, and a surrender will not affect your ability to get a new life insurance policy in the future (but changes in health can).