cancellation legal definition

noun

1. The act, or the marks or perforations made in the act, of canceling something.
2. A remedy by which a court calls in, annuls, and retains possession of a void or rescinded written legal document because it may cause unnecessary litigation or make a personÂ’s title to property unclear. For example, a court may call in, annul, and retain possession of a void deed to real estate that a party used to falsely claim title to someone elseÂ’s real property, in order to prevent any such claims in the future.