When someone who granted oroffered something withdraws it, as when aprincipal withdraws the authority granted to theagent, an offeror withdraws the offer. Compare:Renunciation.

Merriam-Webster Online Dictionary
revocation (noun)
an act or instance of - revoking
Merriam-Webster Online Thesaurus
revocation (noun)
the act of putting an end to something planned or previously agreed to
abandonment, abortion, calling, calling off, dropping, recall, recision, repeal, rescission, revocation
annulment, invalidation, neutralization, nullification, voidance; abolishment, abolition, ending, halting, stopping, termination; giving up, relinquishment, surrender; reversal, rollback
beginning, commencement, initiation; engagement, undertaking
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