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What does rescinds mean?

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

Verb
  1. Third-person singular simple present indicative form of rescind
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Examples
One strategy rescinds or reduces minimum parking requirements and allows market forces to determine the amount of parking spaces in a given area.
If the goods are replaced or if the consumer rescinds from the contract, he is not obliged to pay any compensation for the loss in value caused by proper use of the good.
The Board, after considering all of the evidence, determines which action is in the best interest of the child and based on its determination, rescinds or confirms the decision of the society.
The transfer rescinds the direct legal relationship between the owner and the property.
Many a time a State refuses to honour a tribunal award or it rescinds its agreement.
The Member State shall also ensure that the official veterinarian monitors these provisions and rescinds approval in the event of subsequent non-compliance with one or more of the provisions.

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