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Glite Dictionary
rescission

rescission

3 9.9
Cancel a contract and return both sides to how they were before
  • noun
  • /rɪˈsɪʃən/
  • Formal
translation icon : rescisión
  • After reviewing the case, the judge ordered the rescission of the lease due to breaches by the tenant.
  • rescission bill
  • rescission package
  • remedies of rescission

Examples

  • To resolve the dispute, the company agreed to a rescission that restored the customers to their previous contracts.

  • Proposals originally attached to the 1995 rescissions bill exempted the U.S. Forest Service from complying with NEPA guidelines when directing the logging of salvage timber.

    Academic text (1995)

  • Because of this, rescission based on mistake was not available to the purchasers.

  • The Court articulated the standard of review for a major agency action such as the rescission of a rule:

    Academic text (2018)

  • The NRDC then sued to challenge the rescission.

    Academic text (2001)

  • And under treaty law, unilateral rescission is permissible.

    Blog text (33)

  • Other forms of privatization involve "deregulation" or the rescission of government rules previously applicable to certain private sector activities.

    Academic text (1992)

  • Thus, the couple maintains that the statute extends to three years their right to rescission, which would automatically void the interest the defendants have acquired in their home.

    Academic text (2007)

  • (Legally, in VA, if you sign a contract, you bought it—there is no right of rescission.)

    Blog text (21)

  • In Rios v. State Farm Fire & Casualty Co., 15 the plaintiff class alleged state law claims for fraudulent inducement/rescission, unjust enrichment, and breach of contract.

    Academic text (2017)

Synonyms

repeal
vsrescission
  • Formal
61 5.5

An official ending of a law or rule

is used for ending contracts with return of parties to prior positions
revocation
vsrescission
  • Formal
9 7.3

An official decision to cancel something given or allowed before

focuses on cancelling contracts while restoring parties to earlier positions
abrogation
vsrescission
  • Formal
3 8.9

The official ending of a law or agreement

is used to cancel private contracts while returning parties to prior positions
recision
vsrescission
  • Formal
1 9.9

Ending a contract so it is seen as never made

is about cancelling with restoring parties to their prior positions
recission
vsrescission
  • Formal
9.9

Cancellation of a contract that returns both sides to how they were before

is the standard modern spelling rather than the older written form

How Complete

annulment
  • Formal
24 6.5
rescission
  • Formal
3 9.9
nullification
  • Formal
6 8.6
cancellation
  • Texting
63 1.9
challenge
  • Formal
120 3.5

Surface Forms

rescission singular
rescissions plural

Morphology

rescission = rescind (transparent) = rescind + sion

Formed by the verb 'rescind' plus the noun-forming suffix '-sion', so the meaning 'the act of rescinding' is directly derived and clear to learners who know 'rescind'.

Etymology

The word rescission comes from Latin parts re- 'back' and scindere 'to cut', so it originally meant 'cutting back'. That's why rescission means cancelling a contract and trying to put the people back to how they were before.