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    [Noun]  | "re*scis*sion" | \ ri-ˈsi-zhən \


    1: an act of rescinding


    Origin: 1594 ;

     Borrowed from Middle French & Latin; Middle French rescision, borrowed from Latin rescissiōn- rescissiō, from *rescid-, variant stem of rescindere "to remove or lay bare by hewing and cutting, cancel, {see: |rescind|rescind}" + -tiōn-, -tiō, suffix of verbal action;

    [Noun]  | "rescissions" 


    1: the act of putting an end to something planned or previously agreed to;


      * e.g., " ... the judge ruled that the town's rescission of the contract was justified due the contractor's repeated failures to meet its obligations "





    [Noun]  | "rescission" 


    1: the act of putting an end to something planned or previously agreed to;


      * e.g., " ... the judge ruled that the town's rescission of the contract was justified due the contractor's repeated failures to meet its obligations "





     [ "rescission" ]

    1: A for-profit health insurance company's method of rewarding employees for finding ways to drop policyholders who have developed expensive conditions or have pre-existing medical conditions.

      * e.g.,  ... Winston had paid four hundred dollars a month for the last eight years - so he could have medical insurance. But because of his carrier's policy of rescission, he was dropped from his plan as soon as got sick. 

     [ "stealth offer rescission" ]

    1: To bring in a huge class of first year associates when there is very little work for them and then layoff over half of them only four months later.

      * e.g.,  ... To avoid the appearance of rescinding offers the New York office of Latham & Watkins brought in a massive class of first years even though there was no work for them and then laid off over half of them only four months later. A young graduate of Harvard Law School lamented his stealth offer rescission and wondered why he hadn't chosen Skadden instead. 

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