Definitions for "rescind"
To cancel a contractual agreement.
To cut off; to abrogate; to annul.
Specifically, to vacate or make void, as an act, by the enacting authority or by superior authority; to repeal; as, to rescind a law, a resolution, or a vote; to rescind a decree or a judgment.
Revocation of previous actions.
revisionary trust revocable trust
To take away or remove. To avoid so as to restore the involved parties to the positions they would have occupied had there been no contract.
to withdraw an offer or contract. Regulation Z allows a 3-day period in which to rescind certain credit transactions.
The dissolution of a duty imposed by contract; may be done by court order or by agreement of the contracting parties.
Keywords:  secondary, market
Secondary Market