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recision

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re·ci·sion  (r-szhn)
n.
The act of rescinding; annulment or cancellation.

[Obsolete French, from Old French, annulment of a judgment, from Latin recsi, recsin-, from recsus, past participle of recdere, to cut back : re-, re- + caedere, to cut; see ka-id- in Indo-European roots.]

recision [rɪˈsɪʒən]
n
the act of cancelling or rescinding; annulment the recision of a treaty
[from Latin recīsiō, from recīdere to cut back]


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The 21-year-old son-in-law of Argentina manager Diego Maradona has a recision clause in his contract with Atletico worth 60 million euros.
The 21-year-old son-in-law of Argentina manager Diego Maradona has a recision clause in his contract with Atletico worth 60 million euros.
He added that the punishments for violation would include "penalties, liquidated damages, rejection, recision of sale, and in some cases banishment from the sales grounds".
 
 
 
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