Definition of rescission in US English:

rescission

noun

formal
  • The revocation, cancellation, or repeal of a law, order, or agreement.

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

Origin

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

Pronunciation

rescission

/rəˈsɪʒən//rəˈsiZHən/