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What does recision mean?

Looking for the meaning or definition of the word recision? Here's what it means.

Noun
  1. The act of cutting off.
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They may also be vulnerable to recision by the Supreme Court.
There are exit clauses, recision clauses, guaranteed buyouts of flex down to Championship wages.
In CRI's response to CCI's Notice of Motion it takes the position that the Tribunal's recision of past and present injury in DOR-2 should be affirmed by the Panel.
He said a decision on any possible recision hearing would probably come today.

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