Word for the day

I learnt a new word today.

Rescind :

1 : to take back and make void <rescinded its suspension of his license>
2 : to abrogate (a contract or transaction) by mutual agreement, judicial decree, or unilateral declaration because of fraud, mistake, duress, misrepresentation, illegality, a breach, or another sufficient ground with both parties restored to their positions before the contract was made rescind the contract> —compare CANCEL, TERMINATE
3 : to make void by the same or by a superior authority <rescind a regulation> intransitive verb : to rescind something (as a contract)