Definition of “cancel” - Learner’s Dictionary

cancel

verb [ T ] uk us /ˈkænsəl/ (present participle mainly UK cancelling, past tense and past participle cancelled, present participle US canceling, past tense and past participle canceled)
EVENT

B1 to say that an organized event will not now happen:

[ often passive ] The meeting has been cancelled.
GOODS/SERVICES

to stop an order for goods or services that you do not now want

(Definition of “cancel” from the Cambridge Learner's Dictionary © Cambridge University Press)