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Which term is commonly associated with canceling or invalidating a transaction?

A) Voided

B) Annulled

C) Recalled

D) Withdrawn

User Sngjuk
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1 Answer

6 votes

Final answer:

The correct term for canceling or invalidating a transaction is 'Voided'. This renders the transaction non-existent, distinguishing it from related terms such as 'annulled', 'recalled', and 'withdrawn'. The correct option is A.

Step-by-step explanation:

The term commonly associated with canceling or invalidating a transaction is A) Voided. When a transaction is voided, it is essentially rendered non-existent or invalid, as though it never happened.

This is different from 'annulled', which typically refers to the legal invalidation of contracts or marriages; 'recalled', which often relates to the process of formally withdrawing a product from the market due to safety or quality concerns; and 'withdrawn', which refers to the act of pulling back or removing something that was previously submitted or provided. The correct option is A.

User Martin Prazak
by
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