rescind
verb | \ ri-ˈsind \ | re·scind
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: to take back and make void rescinded its suspension of his license
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: to abrogate (a contract or transaction) by mutual agreement, judicial decree, or unilateral declaration because of fraud, mistake, duress, misrepresentation, illegality, a breach, or another sufficient ground with both parties restored to their positions before the contract was made — compare cancel, terminate
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: to make void by the same or by a superior authority rescind a regulation
: to rescind something (as a contract)