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rescission
(redirected from Rescission Right)

   Also found in: Medical, Legal, Financial, Wikipedia 0.01 sec.
re·scis·sion  (r-szhn)
n.
The act of rescinding.

[Latin rescissi, rescissin-, from rescissus, past participle of rescindere, to rescind; see rescind.]

rescission [rɪˈsɪʒən]
n
1. the act of rescinding
2. (Law) Law the right to have a contract set aside if it has been entered into mistakenly, as a result of misrepresentation, undue influence, etc.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.rescission - (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"
cancellation - the act of cancelling; calling off some arrangement
law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order"
Translations
rescission [rɪˈsɪʒən] N [of contract] → rescisión f; [of order] → anulación f (Jur) → abrogación f
rescission
n (esp Jur, of judgement, law, decision) → Aufhebung f, → Annullierung f; (of contract etc)Rücktritt m(of von); (of purchase)Rückgängigmachung f


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First, foreseeing the possibility of rescission by counterparties, promisors will invest to enhance the quality of performance, thereby reducing the likelihood that the rescission right is triggered.
Under this agreement, we are waiving certain of our rescission rights on loans subject to the agreement and the customer is contributing to the cost of claims that we pay on these loans.
Lawyers for certain buyers have argued that CRP/Extell came up with the typo argument to cover for an intentional lack of a one-year window and allege the developers conspired with Stroock & Stroock & Lavan to prevent the buyers from exercising their rescission rights.
 
 
 
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