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Laughter; specifically the sound of laughter. The i is long and should be pronounced reed-ence or ride-ence to avoid confusion with the word "riddance".

From the Latin ridere - to laugh, the word is related to deride and derision.
We had to let one comic go but his replacement is much funnier. So I guess - good riddance and good ridence.
Ridence by That Dance Guy November 29, 2009
Related Words
A name found amongst gamers. Supposedly a very avid and difficult to beat gamer. Basically a God Tier gamer.
Gamer 1: What is our opponents levels??
Gamer 2: Unfortunately he is of the Rivence level, which means we already lost before the game started.
Gamer 1: Rivence level gamers are too strong.
Rivence by Zach Tassin July 29, 2020