Irma, Lincoln County, Wisconsin: Browse Thousands of Acres of Land for Sale in Irma, Lincoln County, Wisconsin.
Wiktionary (0.00 / 0 votes) Rate this definition: rescind (Verb). To repeal, annul, or declare void; to take (something such as a rule or contract) out of effect. The agency will rescind the policy because many people are dissatisfied with it. Origin: From the rescindo, from re- + scindo.
The law gives you the right to cancel a mortgage refinance or home equity loan. But only if you act quickly, and follow the rules to the letter. A little-known power called the right of rescission gives borrowers the ability, in certain circumstances, to cancel their loan deals within three days, no questions asked, and walk away. Right of rescission is another way of saying right to rescind a contract.