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What does rescindable mean?

Looking for the meaning or definition of the word rescindable? Here's what it means.

Adjective
  1. Able to be rescinded.
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Because the payment schedule is still a material disclosure under the right of rescission rule, the MDIA impacts the secondary market greatly for rescindable loans.
Henceforth CC Art. 209 provided that unilaterally formulated standard contract terms used by legal persons, which conferred an unjustified advantage on one party, were rescindable.
South African law holds that a decision is final when it is no longer rescindable.
Because details of a transfer are implemented between a rescindable capability and a goods description, rights to goods of any type can be transferred.
If the terms are not adequately disclosed, a mortgage is rescindable, but the general public may not be aware of that, Kiesel said.
A business-purpose loan is not rescindable, even if secured by the borrower's principal dwelling, because the credit is not subject to Truth-in-Lending.

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