'Rescission' definitions:
Definition of 'rescission'
noun
(law) the act of rescinding; the cancellation of a contract and the return of the parties to the positions they would have had if the contract had not been made; "recission may be brought about by decree or by mutual consent" [syn:
recission, rescission]
Definition of 'Rescission'
- Rescission \Re*scis"sion\ (r?-s?zh"?n), n. [L. rescissio: cf. F.
rescission. See Rescind.]
The act of rescinding, abrogating, annulling, or vacating;
as, the rescission of a law, decree, or judgment.
[1913 Webster]
