n. 1. The act of rescinding. 2. Law The termination of a contract by mutual agreement or as a result of fraud or some legal defect. [Latin rescissiō, rescissiōn-, from rescissus, past participle of rescindere, to rescind; see RESCIND.] re·scisso·ry (-sĭzə-rē, -sĭs-) adj. |
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