rescission
/rɪˈsɪʒ(ə)n
/noun [mass 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’.
- Non-compliance with the disclosure requirement under the Act exposes franchisors to significant consequences, including rescission of franchise agreements.
Synonyms
revocation, repeal, cancellation, rescindment, reversal, abrogation, annulment, nullification, invalidation, voiding, setting aside, retraction
archaic recall
rare disannulment
Origin
Mid 17th century: from late Latin rescissio(n-), from resciss-, 'split again', from the verb rescindere (see rescind).