"cancels" in the noun sense
1. natural, cancel
a notation cancelling a previous sharp or flat
"cancels" in the verb sense
1. cancel, call off, scratch, scrub
postpone indefinitely or annul something that was scheduled
"Call off the engagement"
"cancel the dinner party"
"we had to scrub our vacation plans"
"scratch that meeting
2. cancel, offset, set off
make up for
"His skills offset his opponent's superior strength"
3. cancel, strike down
declare null and void make ineffective
"Cancel the election results"
"strike down a law"
4. delete, cancel
remove or make invisible
"Please delete my name from your list"
5. cancel, invalidate
make invalid for use
"cancel cheques or tickets"
Source: WordNet® (An amazing lexical database of English)
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