Definition of rescission in English:

rescission

noun

formal
  • [mass noun] The revocation, cancellation, or repeal of a law, order, or agreement:

    ‘the plaintiff agreed to the rescission of the agreement’
    • ‘Non-compliance with the disclosure requirement under the Act exposes franchisors to significant consequences, including rescission of franchise agreements.’
    • ‘So this was not a threat to revoke, this was a notice of rescission or revocation.’
    • ‘The defendants claim rescission of the Charge Agreement or damages.’
    • ‘The plaintiff seeks restitution based on rescission of the contract as a result of the failure of the defendant to disclose.’
    • ‘‘As has been seen, that has been the decision where rescission is ordered of a sale by a trustee to himself’.’
    revocation, repeal, cancellation, rescindment, reversal, abrogation, annulment, nullification, invalidation, voiding, setting aside, retraction
    recall
    disannulment
    View synonyms

Origin

Mid 17th century: from late Latin rescissio(n-), from resciss-, split again, from the verb rescindere (see rescind).

Pronunciation:

rescission

/rɪˈsɪʒ(ə)n/