rescission

listen to the pronunciation of rescission
الإنجليزية - الإنجليزية
The undoing of a contract; repeal
An act of removing, taking away, or taking back
(Kanun) In contract law, rescission (to rescind or set aside a contract) has been defined as the unmaking of a contract between the parties. Rescission is the unwinding of a transaction
The cancellation of a transaction or contract by law or by mutual consent (i e ) On a refinance of an owner occupied property the transaction is not funded until three business days from the closing
the cancellation of a transaction or contract by law or by mutual consent typically on a re-financed loan Federal law dictates that there be in place, a 3 business day rescission period prior to disbursing of funds on a re-financed loan
The act of treating a contract as being at an end as a result of the failure, breach or misconduct of another party
An item in an appropriations bill rescinding or canceling budget authority previously appropriated but not spent or the repeal of a previous appropriation by Congress at the request of the president
(law) the act of rescinding; the cancellation of a contract and the return of the parties to the positions they would have had if the contract had not been made; recission may be brought about by decree or by mutual consent
The annulling, revocation, or repealing of a contract by mutual consent of the parties, or for cause by either party to the contract, and returning the parties to their original position (the "status quo")
The cancellation or annulment of a transaction or contract by the operation of a law or by mutual consent Borrowers usually have the option to cancel a refinance transaction within three business days after it has closed
{i} cancellation, revocation, annulment, repeal
The act of rescinding, abrogating, annulling, or vacating; as, the rescission of a law, decree, or judgment
(1) Repudiation of a contract A party whose consent to a contract was induced by fraud, misrepresentation or duress may repudiate it A contract may also be repudiated for failure to perform a duty (2) The termination of an insurance contract by the insurer when material misrepresentation has occurred (G,LE)***
Termination of an insurance contract by the insurer on the grounds of mis-statement by the insured
the cancellation or annulment of a transaction or contract by law or by mutual consent
A statutory midyear reduction or cancellation in previously appropriated funds The President submits a rescission request to Congress, specifying the amount of the cut and estimating the impact Congress then has 45 days to pass a bill allowing the cut in spending If Congress does not pass a bill in that period of time, the rescission request is considered refused
The cancellation of a contract by law or consent from the parties involved
The cancellation of a transaction or contract by law or by mutual consent
A federal budgetary term that refers to the cancellation, in whole or part, of budget authority previously granted by Congress
The cancellation of a contract When a home is used as collateral for a loan, the homeowner typically has the right to cancel the credit transaction within three business days The action is called "right of rescission," and it is guaranteed by the Federal Truth in Lending Act
A law canceling budget authority before the time when the authority would otherwise cease to be available for obligation See budget authority [Back to top]
Borrowers' cancellation of a loan contract Often, second mortgage loans (see Second Mortgage) will allow a borrower three business days (after loan closing) to rescind or cancel their loan WHEDA allows three days for borrowers to rescind after extending them a Home Improvement loan or a HOME Plus loan that will be used for home improvements
The cancellation or annulment of a transaction or contract by the operation of law or by mutual consent
Cancellation of a contract or a transaction A rescission can occur when all involved parties agree to make the transaction invalid or when some law or rule makes the transaction void
The cancelling of a contract usually by one person after breach of contract The other person may be entitled to damages to return them to their position prior to the contract •Contracts
The cancellation of a contract
Termination of an insurance contract by the insurer on the grounds of material misstatement on the application for insurance The action of rescission must take place within the contestable period or Time Limit on Certain Defenses but takes effect as of the date of issue of the policy, thus voiding the contract from its inception
The cancellation contract by the operation of a law or by mutual consent In some circumstances, borrowers have the right to cancel a transaction within three business days after closing
The consequence of enacted legislation that cancels budget authority previously provided by Congress prior to the time when the authority would otherwise lapse (i e , cease to be available for obligation) The Impoundment Control Act of 1974 requires a special message from the Presidnet to Congress reporting any proposed rescission of budget auithority These proposals may be accepted, in whole or in part, through the passage of a rescission bill by both Houses of Congress
rescission of a contract
annulment of a contract
rescission

    الواصلة

    re·scis·sion

    التركية النطق

    rîsîjın

    المترادفات

    rescindment

    النطق

    /rəˈsəᴢʜən/ /rɪˈsɪʒən/

    علم أصول الكلمات

    [ ri-'si-zh&n ] (noun.) 1611. 1651, Late Latin rescission, rescissio,“” in Merriam-Webster Online Dictionary, Merriam-Webster Online. from Latin rescindō (“I cut back”), from re- (“back”) + scindō (“I cut”).

    كلمة اليوم

    gestalt
المفضلات