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Glite Dictionary
recission

recission

9.9
Cancellation of a contract that returns both sides to how they were before
  • noun
  • /rɪˈsɪʃən/
  • Formal
translation icon : resolución
  • The court ruled that the recission of the contract was necessary to restore fairness between the parties involved.

Examples

  • After months of negotiations, the recission of the agreement allowed both sides to walk away without penalties.

  • The company announced the recission of the merger, returning both businesses to their original independent status.

  • (Note: there is no such thing as recission in the province where I live.)

    Blog text (27)

  • Yet these same Americans will pay health insurers for the "right" to pay for health insurance, to pay high annual deductibles, and be subject to recission and capitation.

    Blog text (23)

  • They are all included for the same amount you pay as a single (that's why the young single's premium in public insurance is higher than in private insurance, which calculates premiums per person and risk). Recission could be easily excluded, and I can't imagine that that has changed.

    Blog text (27)

Synonyms

revocation
vsrecission
  • Formal
9 7.3

An official decision to cancel something given or allowed before

is specific to contracts and restores parties rather than general cancellation
rescission
vsrecission
  • Formal
3 9.9

Cancel a contract and return both sides to how they were before

is the alternate spelling form with identical legal meaning
recision
vsrecission
  • Formal
1 9.9

Ending a contract so it is seen as never made

focuses on restoring parties to their earlier positions rather than erasing the agreement

Antonyms

ratification
  • Formal
23 7.0

Official approval of an agreement, usually by a vote

Surface Forms

recission singular
recissions plural

Morphology

recission = rescind (transparent) = rescind + sion

Standard deverbal noun formed from 'rescind' + '-sion', meaning 'the act of rescinding'; clear derivation for learners who know 'rescind'.

Etymology

Recission comes from Latin parts re- 'back' and scindere 'to cut', so it helps to imagine the deal being 'cut back'. That's why recission means cancelling a contract and putting the parties back to how they were before.