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rescission
/rɪˈsɪʃən/
/rɪˈsɪʒən/ noun [C or U] formal LAWDefinition
› the act of officially ending a law, taking back a decision, or saying that an agreement no longer exists: All investors have rescission rights. They are seeking a rescission of the merger and unspecified damages.
(Definition of rescission noun from the Cambridge Business English Dictionary
© Cambridge University Press)
Focus on the pronunciation of rescission
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