Rescission Meaning and Definition
Rescission
Pronunciation
/rɛsɪsˈɪʃn/
Part of Speech
Noun
Definition
A formal cancellation or withdrawal of a decision, action, or agreement, often due to a flaw or mistake.
Examples
- The court issued a rescission of the contract due to a breach of warranty.
- The company’s CEO issued a statement announcing the rescission of the merger deal.
Synonyms
- Rejection
- Cancellation
- Withdrawal
Antonyms
- Confirmation
- Validation
- Approval
Additional Information
Rescission is often used in legal contexts, particularly in cases where a decision or agreement needs to be reversed due to a mistake or flaw. It is distinct from revocation, which occurs when a document or authority is formally cancelled or revoked. In business, rescission can be used to reverse a merger or acquisition, or to cancel a contract due to breach of terms.
Rescission can also be used in everyday contexts, such as cancelling a wedding or a business deal due to unforeseen circumstances.
Etymology
The word “rescission” comes from the Latin “re” (again) and “cissio” (a cutting or separation).
Usage Notes
Rescission is typically used in formal or professional contexts, such as law, business, or government. It is often used to convey a sense of formality and finality in reversing a decision or agreement.
Cultural References
Rescission has appeared in various works of fiction, including films, television shows, and literature.
Idiomatic Expressions or Phrases
‘Rescind and replace’
Related Words or Phrases
- Revocation
- Cancellation
- Withdrawal
- Repeal
Collocations
Last-minute rescission
Formal rescission notice
Frequency of Use
Rescission is a relatively rare word, but it has been increasingly used in formal and professional contexts in recent years.
Common Misspellings
Resesion, Resission