Definitions

1. noun

the act of canceling or annulling a contract, agreement, or decision, especially one that has already been made or entered into.

“The company’s decision to reverse its merger was met with a wave of rescission notices from disgruntled investors.”

2. noun

a revocation or withdrawal, especially of a claim or right.

“The court’s rescission of the defendant’s claim for damages was seen as a major victory for the plaintiff.”

3. noun

a cancellation or annulment, especially of a contract or agreement.

“The rescission of the contract was agreed upon by both parties, and the deal was officially terminated.”

4. noun

the act of reversing or undoing something, especially a decision or a course of action.

“The government’s rescission of the tax hike was seen as a response to public pressure and rising economic concerns.”

5. verb

to cancel or annul a contract, agreement, or decision.

“The company rescinded its merger plan after realizing the economic costs would be too high.”