RESCISSION - Definition

Pronunciation:		ri'sizhun
WordNet Dictionary

	Definition:	[n] the act of rescinding; (law) 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

	Websites:

	Synonyms:	recission

	See Also:	cancellation

Webster's 1913 Dictionary

	Definition:	\Re*scis"sion\ (r?-s?zh"?n), n. [L. rescissio: cf. F. rescission. See {Rescind}.] The act of rescinding, abrogating, annulling, or vacating; as, the rescission of a law, decree, or judgment.

	Websites:

Legal Dictionary

	Definition:	The unmaking or undoing of a contract; repeal.

	Websites: