rescission Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “rescission” in the English Dictionary

"rescission" in British English

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rescissionnoun [C or U]

uk   us   /rɪˈsɪʒ.ən/ specialized
the ​act of ​officiallyending a ​law, taking back a ​decision, or saying that an ​agreement no ​longerexists
(Definition of rescission from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"rescission" in Business English

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rescissionnoun [C or U]

uk   /rɪˈsɪʃən/  us   /rɪˈsɪʒən/ formal LAW
the ​act of ​officiallyending 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 from the Cambridge Business English Dictionary © Cambridge University Press)
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