rescission

from WordNet (r) 3.0 (2006)

rescission
    n 1: (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; "recission may
         be brought about by decree or by mutual consent" [syn:
         {recission}, {rescission}]

from The Collaborative International Dictionary of English v.0.48

Rescission \Re*scis"sion\ (r?-s?zh"?n), n. [L. rescissio: cf. F.
   rescission. See {Rescind}.]
   The act of rescinding, abrogating, annulling, or vacating;
   as, the rescission of a law, decree, or judgment.
   [1913 Webster]

[email protected]