Associations to the word «Rescission»

RESCISSION, noun. An act of removing, taking away, or taking back.

RESCISSION, noun. (legal) The undoing of a contract; repeal.

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".