Rescission - definition, pronunciation, transcription

Amer.  |rɪˈsɪʒn|  American pronunciation of the word rescission
Brit.  |rɪˈsɪʒ(ə)n|  British pronunciation of the word rescission

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 (syn: recission)

Examples

...the judge ruled that the town's rescission of the contract was justified due the contractor's repeated failures to meet its obligations...

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