rescind
/rɛˈsɪnd/Definitions
1. verb
to cancel or annul a decision, order, or agreement, often officially or formally
“The government decided to rescind the tax increase.”
2. verb
to revoke or withdraw a privilege, license, or authority
“The company was forced to rescind its offer of employment.”
3. noun
the act of canceling or annulling a decision, order, or agreement
“The rescindment of the policy was met with mixed reactions.”