Definitions for "Recision"
The act of canceling a document.
The cancellation or annulment of a transaction or contract by the operation of a law or by mutual consent. Borrowers usually have the option to cancel a refinance transaction within three business days after it has closed.
A law giving the borrower three days after signing to cancel a contract in some cases, if the transaction uses home equity as security.
Keywords:  recourse, regulation
Recourse Regulation Z
Keywords:  cutting, act, off
The act of cutting off.