Definitions

1. verb

to declare or regard (someone or something) as officially dead, especially in law

“The court eventually addeemed the company as bankrupt and closed its operations.”

2. verb

to regard or declare (someone or something) as no longer existing or valid

“The old contract was addeemed null and void due to the change in circumstances.”

3. noun

a person or thing that is officially declared dead or no longer in existence

“The addeem was declared null and void by the court, freeing the assets for distribution.”