right of rescission

Definition

The right of a consumer to nullify a contract within three business days of signing it without paying a penalty or down payment.

Reproduction of all or part of this glossary and/or this page, in any format, without written consent is prohibited. If you have questions about this dictionary please feel free to contact us feedback\@\investorguide.com

Related Terms

rescission -

Related Terms on BusinessDictionary

rescission of contract

Popular 'Law & Estate Planning' Terms

escrow
fiduciary
arm's length transaction
irrevocable trust
revocable trust

per stirpes
bill of exchange
letters testamentary
joint venture
escrow account

right of rescission in the news

Enter your email address to get our free Term of the Day newsletter!

Tools

right of rescission is ...

... part of the Law & Estate Planning subject.

Nearby Terms

right
right of first offer
right of first refusal
right of recourse
right of redemption
right of rescission
right of survivorship
Right to Know
rights issue
rights offering
ring