rescission Definition
- 1the act of revoking, canceling, or repealing a law, order, or agreement
- 2the legal process of voiding a contract or other legal agreement
Using rescission: Examples
Take a moment to familiarize yourself with how "rescission" can be used in various situations through the following examples!
Example
The rescission of the executive order caused widespread protests.
Example
The company is seeking rescission of the contract due to breach of terms.
Example
The rescission of the policy led to confusion among employees.
rescission Synonyms and Antonyms
Synonyms for rescission
Antonyms for rescission
Phrases with rescission
the legal right of a consumer to cancel certain types of loans or sales transactions within a specified period of time
Example
The borrower exercised his right of rescission and canceled the loan agreement.
the cancellation of a contract by mutual agreement of all parties involved
Example
The parties agreed to a mutual rescission of the contract due to unforeseen circumstances.
the timeframe during which a contract or agreement can be legally rescinded
Example
The rescission period for this insurance policy is 30 days from the date of purchase.
Origins of rescission
from Latin 'rescindere', meaning 'to cut off'
Summary: rescission in Brief
Rescission [ri-sizh-uh n] refers to the act of revoking, canceling, or repealing a law, order, or agreement. It can also refer to the legal process of voiding a contract or other legal agreement. Examples include 'The rescission of the executive order caused widespread protests' and 'The company is seeking rescission of the contract due to breach of terms.' Phrases like 'right of rescission' and 'mutual rescission' denote legal rights and agreements, while 'rescission period' refers to the timeframe during which a contract or agreement can be legally rescinded.
