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Definition of Rescission
1. 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"
Exact synonyms: Recission
Generic synonyms: Cancellation
Category relationships: Jurisprudence, Law
Derivative terms: Rescind, Rescind
Generic synonyms: Cancellation
Category relationships: Jurisprudence, Law
Derivative terms: Rescind, Rescind
Definition of Rescission
1. n. The act of rescinding, abrogating, annulling, or vacating; as, the rescission of a law, decree, or judgment.
Definition of Rescission
1. scission [n -S] - See also: scission