(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
English language
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recission::noun | Spocien Dictionary
| Type | Words |
|---|---|
| Synonyms | rescission |
| Type of | cancellation |
| Derivation | rescind |
recission may be brought about by decree or by mutual consent.
Examples of recission
recission
The bigger recission bill-which will essentially take back money that is already appropriated-will take shape over the next month or two.
From the online.wsj.com
While those three round out the basic remedies in American law, there are also reformation and recission, both dealing with contracts whose terms need to be rewritten or undone.
From the en.wikipedia.org
