Irma, Lincoln County, Wisconsin: Browse Thousands of Acres of Land for Sale in Irma, Lincoln County, Wisconsin.
Wiktionary (0.00 / 0 votes) Rate this definition: rescind (Verb). To repeal, annul, or declare void; to take (something such as a rule or contract) out of effect. The agency will rescind the policy because many people are dissatisfied with it. Origin: From the rescindo, from re- + scindo.
v. to cancel a contract, putting the parties back to the position as if the contract had not existed. Both parties rescind a contract by mutual agreement, since a unilateral cancellation of a contract is a breach of the contract and could result in a lawsuit by the non-cancelling party. (See: rescission)