Meaning of “cancel sth out” in the English Dictionary

british dictionary

(Definition of “cancel sth out” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"cancel sth out" in Business English

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cancel sth out

phrasal verb with cancel uk /ˈkænsəl/ us verb [ I or T ] -ll-, US usually -l-

to stop the effect of one thing with something that has the opposite effect:

The new tax rates will cancel out any financial benefits to the company.

(Definition of “cancel sth out” from the Cambridge Business English Dictionary © Cambridge University Press)