Definitions

from The American Heritage® Dictionary of the English Language, 5th Edition.

  • noun The act of rescinding.
  • noun Law The termination of a contract by mutual agreement or as a result of fraud or some legal defect.

from The Century Dictionary.

  • noun The act of rescinding or cutting off.
  • noun The act of abrogating, annulling, or vacating: as, the rescission of a law, decree, or judgment.
  • noun The avoiding of a voidable contract.

from the GNU version of the Collaborative International Dictionary of English.

  • noun The act of rescinding, abrogating, annulling, or vacating.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

  • noun An act of removing, taking away, or taking back.
  • noun law The undoing of a contract; repeal.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • noun (law) the act of rescinding; 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

Etymologies

from The American Heritage® Dictionary of the English Language, 4th Edition

[Latin rescissiō, rescissiōn-, from rescissus, past participle of rescindere, to rescind; see rescind.]

from Wiktionary, Creative Commons Attribution/Share-Alike License

1651, Late Latin rescission, rescissio, from Latin rescindō ("I cut back"), from re- ("back") + scindō ("I cut").

Examples

  • That has absolutely nothing to do with whether or not rescission is permitted under fraudulent pretenses on the part of the insurer.

    Balloon Juice » Blog Archive » Just do it

  • The $113 million rescission from the FY'09 Commercial Crew and Cargo budget, based on my review, would appear to still leave enough funds to cover milestone payments for both Orbital and SpaceX.

    Post-Griffin COTS: Dead or Not Dead? - NASA Watch

  • In fact, that change -- an end to the practice of "rescission" -- would happen right away.

    The New Republic - All Feed

  • PatrickM, please be so kind as to explain rescission and why it is currently legal for insurance companies to drop people’s coverage after they become ill.

    Matthew Yglesias » How the White House Health Plan Compares

  • PatrickM, please be so kind as to explain rescission and why it is currently legal for insurance companies to drop people’s coverage after they become ill.

    Matthew Yglesias » How the White House Health Plan Compares

  • PatrickM, please be so kind as to explain rescission and why it is currently legal for insurance companies to drop people’s coverage after they become ill.

    Matthew Yglesias » How the White House Health Plan Compares

  • Major insurers said this week that they will soon end the practice known as rescission, which involves going back and scrutinizing the applications of people who develop costly illnesses and dropping their coverage based on even minor or innocent misstatements.

    Health insurers adopt some new rules early

  • Obama will be requesting an alternative to the line-item veto known as rescission, which would give him -- and future presidents -- the power to submit a package of changes to spending bills that Congress would be required to vote on, up or down.

    Obama seeking more control over budget

  • • Obama seeking more control over budget: He's requesting an alternative to the line-item veto known as rescission, which would give him -- and future presidents -- the power to submit a package of changes to spending bills that Congress would be required to vote on.

    Republicans propose cutting federal pay raises

  • Major insurers said this week that they will soon end the practice known as rescission, which involves going back and scrutinizing the applications of people who develop costly illnesses and dropping their coverage based on even minor or innocent misstatements.

    Health insurers adopt some new rules early

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