reject

facultative reinsurance
decline

Definition

noun, adjective
(something) which has been thrown out because it is not of the usual standard
Examplessale of rejects or of reject items • to sell off reject stock
verb
to refuse to accept something, or to say that something is not satisfactory
ExampleThe board rejected the draft budget.
Usage
the company rejected the takeover bid
the directors recommended that the shareholders should not accept the bid

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