Meaning of retraxit in English:

retraxit

Pronunciation /rɪˈtraksɪt/

noun

US Law
  • The cessation of a suit as a result of the voluntary withdrawal of the plaintiff, after which the suit may not be brought again; a dismissal with prejudice based on the withdrawal of the plaintiff.

    A retraxit differs from a nonsuit, the latter case being a dismissal without prejudice in which the plaintiff retains the right to sue again.

Origin

Late 16th century. From Anglo-Norman retraxit formal withdrawal of a suit by a plaintiff from classical Latin retraxit, 3rd person singular perfect indicative of retrahere.