IPA: /rɪˈsɪndmənt/
KK: /rɪˈsɪndmənt/
The action of officially canceling or reversing a decision, agreement, or law.
The rescindment of the policy surprised many employees.
Rescindment → It is formed from "rescind" (from Latin "rescindere", meaning to cut off or revoke) and the suffix "-ment" (meaning the action or result of). The word "rescindment" refers to the action or result of revoking or cutting off something, such as a contract or agreement.
Think of 'cutting off' ('rescind') something and the '-ment' indicating the action of doing so — that's why rescindment means the act of revoking.