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rescind (v.)

"abrogate, annul, or revoke by authority, repeal," 1630s, from French rescinder "cancel; cut off" (15c.), and directly from Latin rescindere "annul, cancel, abolish, remove by cutting off," from re- "back" (see re-) + scindere "to cut, rend, tear asunder, split; split up, part, divide, separate" (from PIE *skind-, from root *skei- "to cut, split"). Related: Rescinded; rescinding.

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Definitions of rescind from WordNet

rescind (v.)
cancel officially;
From wordnet.princeton.edu