Usually means: Nullifies or terminates an agreement.
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We found 14 dictionaries that define the word cancels:

General (10 matching dictionaries)
  1. cancels: Merriam-Webster
  2. cancels: Oxford Learner's Dictionaries
  3. cancels: Collins English Dictionary
  4. cancels: Vocabulary.com
  5. Cancel's, Cancels, cancels: Wordnik
  6. cancels: Cambridge Advanced Learner's Dictionary
  7. Cancels, cancels: Wiktionary
  8. cancels: Dictionary.com
  9. cancels: Cambridge Essential American English Dictionary
  10. cancels: TheFreeDictionary.com

Business (2 matching dictionaries)
  1. cancels: Legal dictionary
  2. cancels: Financial dictionary

Computing (1 matching dictionary)
  1. cancels: Encyclopedia

Miscellaneous (1 matching dictionary)
  1. cancels: Idioms

(Note: See cancel as well.)

Definitions from Wiktionary (Cancel)

verb:  (transitive) To cross out something with lines etc.
verb:  (transitive) To invalidate or annul something.
verb:  (transitive) To mark something (such as a used postage stamp) so that it can't be reused.
verb:  (transitive) To offset or equalize something.
verb:  (transitive, mathematics) To remove a common factor from both the numerator and denominator of a fraction, or from both sides of an equation.
verb:  (transitive, media) To stop production of a programme.
verb:  (printing, dated) To suppress or omit; to strike out, as matter in type.
verb:  (obsolete) To shut out, as with a railing or with latticework; to exclude.
verb:  (slang) To kill.
verb:  (transitive, neologism) To cease to provide financial or moral support to (someone deemed unacceptable); to disinvite. Compare cancel culture.
noun:  (US) A cancellation.
noun:  A control message posted to Usenet that serves to cancel a previously posted message.
noun:  (obsolete) An enclosure; a boundary; a limit.
noun:  (printing) The suppression on striking out of matter in type, or of a printed page or pages.
noun:  (printing) The page thus suppressed.
noun:  (printing) The page that replaces it.
noun:  A surname.
▸ Also see cancel


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