What is the meaning 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. (
    • usage: "recission may be brought about by decree or by mutual consent"
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APAWordNet. (2010). rescission. Retrieved September 20, 2026, from http://smartdefine.org/rescission/definitions/1306434
ChicagoWordNet. 2010. "rescission" http://smartdefine.org/rescission/definitions/1306434 (accessed September 20, 2026).
HarvardWordNet 2010, rescission, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/rescission/definitions/1306434>.
MLAWordNet. "rescission" 23 October 2010. Web. 20 September 2026. <http://smartdefine.org/rescission/definitions/1306434>
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