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.
A party to a contract who is in default cannot, however, rescind because of a breach by the other party. When time is of the essence in a contract, failure to perform within the time stipulated is a ground for rescission.