Rescindment vs. Rescission
Difference Between Rescindment and Rescission
The act of rescinding.
An act of removing, taking away, or taking back.
(legal) The undoing of a contract; repeal.
(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