The Open Dictionary

rescission

noun

UK/rɪˈsɪʒ.ᵊn/
US/rɪˈsɪʒ.ᵊn/

Definitions of rescission noun

  1. CountableUncountablelaw

    the official cancellation of a law, decision, or agreement, declaring it no longer valid

    • The company's board voted for the rescission of the previous merger agreement.

    • The judge ordered the rescission of the contract after discovering fraud.

    • The enactment of the new law led to the rescission of the previous regulations.