rescission

 
Pronunciation: /rɪˈsɪʒ(ə)n/

noun

[mass noun] formal
  • the revocation, cancellation, or repeal of a law, order, or agreement: the plaintiff agreed to the rescission of the agreement

Origin:

mid 17th century: from late Latin rescissio(n-), from resciss-, 'split again', from the verb rescindere (see rescind)