nul·li·ty

[nuhl-i-tee]
noun, plural nul·li·ties for 2–4.
1.
the state or quality of being null; nothingness; invalidity.
2.
something null.
3.
something of no legal force or validity.
4.
a person of negligible importance.

Origin:
1560–70; < Medieval Latin nūllitās. See null, -ity

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Based on the Random House Dictionary, © Random House, Inc. 2013.
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00:10
Nullity is always a great word to know.
So is lollapalooza. Does it mean:
an extraordinary or unusual thing, person, or event; an exceptional example or instance.
a children's mummer's parade, as on the Fourth of July, with prizes for the best costumes.
Collins
World English Dictionary
nullity (ˈnʌlɪtɪ) [Click for IPA pronunciation guide]
 
n , pl -ties
1.  the state of being null
2.  a null or legally invalid act or instrument
3.  something null, ineffective, characterless, etc
 
[C16: from Medieval Latin nullitās, from Latin nullus no, not any]

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
Because the subpoena was not signed, it is a nullity.
The order finds that these trades resulted in a financial nullity.
The order also finds that these trades resulted in a financial nullity.
Whatever is done in contravention of a prohibitory law is void, although the
  nullity be not formally directed.
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