Rescind (r-snd), v. t. [imp. & p. p. Rescinded; p. pr. & vb. n. Rescinding.]
Etymology: [L. rescindere, rescissum; pref re- re- + scindere to cut, split: cf. F. rescinder. See Shism.]
1. To cut off; to abrogate; to annul. The blessed Jesus . . . did sacramentally rescind the impure relics of Adam and the contraction of evil customs. Jer. Taylor.
2. Specifically, to vacate or make void, as an act, by the enacting authority or by superior authority; to repeal; as, to rescind a law, a resolution, or a vote; to rescind a decree or a judgment.
Syn. -- To revoke; repeal; abrogate; annul; recall; reverse; vacate; void.
Shades of meaning
Fernald has no entry of its own for rescind; he lists it under cancel.
He lists it without comment; the entries above explain its neighbors.