RESCISSION Meaning of RESCISSION in English [ rɪ'sɪʒ(ə)n ]■ noun formal the rescinding of a law, order, or agreement.OriginC17: from late L. rescissio(n-) , from resciss- , rescindere (see rescind ). Concise Oxford English vocab. Сжатый оксфордский словарь английского языка. 2004