What do terms like "I yield my time, Mr. Speaker" mean? – politics.stackexchange.com

What do terms like "I yield my time, Mr. Speaker" mean? – politics.stackexchange.com

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What do terms like "I yield back" and "I reclaim my time" and "I yield to..." mean? I sorta get it, but am still quite clueless as to the details, let alone any name it may have.

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