the act of retracting or the state of being retracted.
withdrawal of a promise, statement, opinion, etc.: His retraction of the libel came too late.
retractile power.

1350–1400; Middle English retraccioun < Latin retractiōn- (stem of retractiō), equivalent to Latin retract(us) (see retract1) + -iōn- -ion

nonretraction, noun Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
retraction (rɪˈtrækʃən)
1.  the act of retracting or state of being retracted
2.  the withdrawal of a statement, charge, etc

Collins English Dictionary - Complete & Unabridged 10th Edition
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Word Origin & History

late 14c., from L. retractionem (nom. retractio), from L. retractus, pp. of retractare "revoke, cancel," from re- "back" + tractere "draw violently," frequentative of trahere "to draw" (see tract (1)). Originally the title of a book by St. Augustine, correcting his former
writings. Meaning "recantation of opinion with admission of error" is from 1540s.
Online Etymology Dictionary, © 2010 Douglas Harper
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American Heritage
Medical Dictionary

retraction re·trac·tion (rĭ-trāk'shən)

  1. The act of drawing back or in; shrinking.

  2. The act of pulling apart, usually as part of a surgical procedure.

  3. The posterior movement of teeth, usually with the aid of an orthodontic appliance.

The American Heritage® Stedman's Medical Dictionary
Copyright © 2002, 2001, 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
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Example sentences
Burr demanded a retraction or satisfaction on the field of honor.
He has resigned from the university, and his co-authors could not locate him to
  sign the retraction.
One would expect that his woodshed moment is coming and that a retraction will
  be issued soon.
The practice contributed to a retraction of related study earlier this year.
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