The cleavage of a bond ('homolytic cleavage' or 'homolytic fission') so that each of the molecular fragments between which the bond is broken retains one of the bonding electrons. A unimolecular reaction involving homolysis of a bond (not forming part of a cyclic structure) in a molecular entity containing an even number of (paired) electrons results in the formation of two radicals:
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It is the reverse of colligation. Homolysis is also commonly a feature of bimolecular substitution reactions (and of other reactions) involving radicals and molecules.
See also: bond-dissociation energy, heterolysis
Source:
PAC, 1994, 66, 1077. 'Glossary of terms used in physical organic chemistry (IUPAC Recommendations 1994)' on page 1122 (https://doi.org/10.1351/pac199466051077)