verb
rescind
rih-SIND/rɪˈsɪnd/
To officially cancel a decision, agreement, or rule.
The official rescinds the decree by drawing a line through it.

Etymology
The elements formed a Latin verb meaning both “cut off” and “annul.” That physical image of removal underlies the official withdrawal of a law, decision, or agreement.
In context
If the goal is to protect the Jews, why not just rescind Haman's decree? Well, it turns out that once a law was on the books, it couldn't be retracted.
More examples
- The company rescinded its job offer after checking his references.
- The school board votes to rescind the new attendance policy.
- Both parties agree that rescinding the contract is their best option.
Forms
rescind · rescinds · rescinded · rescinding
rescission noun — The official cancellation of an agreement.