recission
1. [ noun ] (law) 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
Synonyms: rescinding rescission
Related terms: cancellation law
Similar spelling:   rescission
  recession
  recessional
  recessionary
  reassign
  resignation