retraction

Vocabulary Word

Definition

'Retraction' is a formal way to say 'take back.' Like when someone retracts a statement they made, meaning they no longer agree with or stand by what they have said.

Examples in Different Contexts

In legal contexts, 'retraction' can refer to the withdrawal of a statement or allegation, especially to avoid a defamation lawsuit. A lawyer might advise, 'A retraction of the false statements could mitigate the damages and potentially settle the defamation claim out of court.'

Practice Scenarios

Business

Scenario:

Given the new market circumstances, we need to reassess our initial proposal.

Response:

I agree, considering the new financial situation, it would be appropriate to prepare for a potential retraction of our initial offer.

Journalism

Scenario:

A credible source has disputed the factual accuracy of our latest news report.

Response:

Perhaps a retraction should be considered, to maintain our reputation for accuracy and integrity.