rescind

View more Business & Finance videos

cancel a contract agreement. The Truth in Lending Act confers the Right of Rescission, which allows the signer of a contract to nullify it within three business days without penalty and have any deposits refunded. Contracts may also be rescinded in cases of fraud, failure to comply with legal procedures, or misrepresentation.
For example, a contract signed by a child under legal age may be rescinded, since children do not have the right to take on contractual obligations.

Previous:	Rescheduled Loans, Required Reserve Rate
Next:	Rescission, Research Department

To withdraw an offer or contract.
regulation z allows a 3-day period in which to rescind certain credit transactions.


Example: Abel offers to buy a certain house from Baker. Before Baker accepts, Abel rescinds the offer and, therefore, is not obligated to follow through on the purchase.

Previous:	Resale Proceeds, Resale Price
Next:	Rescission, Reservation Price

verb

To take back or remove: lift, recall, repeal, reverse, revoke. See continue/stop/pause, law, make/unmake.

v

Definition: declare void
Antonyms: allow, approve, enact, enforce, permit

This entry contains information applicable to United States law only.

To declare a contract void — of no legal force or binding effect — from its inception and thereby restore the parties to the positions they would have occupied had no contract ever been made.

IN BRIEF: Cancel. Also: To void by legislative action.

When did the lawmakers rescind the questioned regulation?

LearnThatWord.com is a free vocabulary and spelling program where you only pay for results!

For a list of words related to rescind, see:

• Acts, Powers, Conditions, and Procedures - rescind: (vb) cancel, annul

---

See words rhyming with "rescind."

  See crossword solutions for the clue Rescind.

Dansk (Danish)
v. tr. - tilbagekalde, ophæve, annullere (jur.)

Nederlands (Dutch)
herroepen

Français (French)
v. tr. - (Jur) abroger (sout), annuler, résilier, casser (un jugement), retirer (une affirmation)

Deutsch (German)
v. - für ungültig erklären

Ελληνική (Greek)
v. - ακυρώνω, καταργώ (νόμο κ.λπ.)

Italiano (Italian)
rescindere

Português (Portuguese)
v. - rescindir

Русский (Russian)
аннулировать, отменять

Español (Spanish)
v. tr. - rescindir, revocar, anular

Svenska (Swedish)
v. - upphäva, återkalla

中文（简体）(Chinese (Simplified))
废止, 撤回, 取消, 使无效

中文（繁體）(Chinese (Traditional))
v. tr. - 廢止, 撤回, 取消, 使無效

한국어 (Korean)
v. tr. - 무효로 하다, 폐지하다, 철폐하다

日本語 (Japanese)
v. - 無効にする, 廃止する, 撤回する

العربيه (Arabic)
‏(فعل) يلغي, يبطل, ينسخ‏

עברית (Hebrew)
v. tr. - ‮ביטל, הסיר‬

If you are unable to view some languages clearly, click here.