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rescission. n. the cancellation of a contract by mutual agreement of the parties. (See: rescind). See: abandonment, abolition, ademption, annulment, avoidance, cancellation, countermand, defeasance, discharge, dissolution, negation, repudiation, reversal, termination.
Recant Law and Legal Definition. Recant means to withdraw or repudiate prior statements or testimony formally and publicly. (2)sworn testimony is elicited from the recanting witness at the hearing on the motion for a new trial. [Jackson v. State, 164 Md. App. 679 (Md.