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The Collaborative International Dictionary of English v.0.48:

Demission \De*mis"sion\, n. [L. demissio, fr. demittere. See Demit.] 1. The act of demitting, or the state of being demitted; a letting down; a lowering; dejection. "Demission of mind." --Hammond. [1913 Webster] Demission of sovereign authority. --L'Estrange. [1913 Webster] 2. Resignation of an office. [Scot.] [1913 Webster]