Legal Dictionary
Main Entry:
re·scindPronunciation:
ri-'sindFunction:
verbEtymology: Latin
rescindere to cut loose, annul, from
re- away, back +
scindere to cut, split
transitive verb
1 : to take back and make void <
rescinded its suspension of his license>
2 : to abrogate (a contract or transaction) by mutual agreement, judicial decree, or unilateral declaration because of fraud, mistake, duress, misrepresentation, illegality, a breach, or another sufficient ground with both parties restored to their positions before the contract was made
rescind the contract> —compare CANCEL, TERMINATE
3 : to make void by the same or by a superior authority <rescind a regulation> intransitive verb : to rescind something (as a contract) —re·scind·able /-'sin-d&-b&l/ adjective