Revocation (noun)

1. The act of cancelling, annulling, or voiding a previously made decision, law, or agreement.
2. The act of taking away or withdrawing something that has been granted, such as a license, a right, or a privilege.
3. The act of revoking a privilege, such as a license to practice law, due to a violation of rules or laws.

Origin:

From the latin word 'revocare' meaning 'to call back', the word has been in use since the 16th century.

Examples:

1. The revocation of the treaty resulted in a diplomatic crisis.
2. The revocation of his driving license was the result of repeated speeding tickets.
3. The revocation of the license was a severe blow to the company.
4. The revocation of the agreement caused widespread confusion.
5. The revocation of her visa came as a surprise to everyone.