10 letters · 12 points in Scrabble
noun (law) the act of rescinding; the cancellation of a contract and the return of the parties to the positions they would have had if the contract had not been made
origin1651, Late Latin rescissio, from Latin rescindō (“to cut back”), from re- (“back”) + scindō (“to cut”).
Etymology from Wiktionary, CC BY-SA 3.0