Retraction

n. act of taking back; withdrawal, annulment; act of pulling back, act of drawing back

A retraction is a public statement, either in print, or by verbal statement that is made to correct a previously made statement that was incorrect, invalid, or in error. The intent of a public retraction is to correct any incorrect information.The term retraction carries stronger connotation than the term correction. An alteration that changes the main point of the original statement is generally referred to as a retraction while an alteration that leaves the main point of a statement intact is usually referred to simply as a correction.
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Noun
1. a disavowal or taking back of a previous assertion
(synonym) abjuration, recantation
(hypernym) disavowal, disclaimer
(hyponym) withdrawal, backdown, climb-down
(derivation) abjure, recant, forswear, retract, resile
2. the act of pulling or holding or drawing a part back; "the retraction of the landing gear"; "retraction of the foreskin"
(hypernym) motion, movement, move, motility
(derivation) draw in, retract

n. retraction, recantation, withdrawal

(n.)
The state or condition of a part when drawn back, or towards the center of the body.
  

(n.)
The act of withdrawing something advanced, stated, claimed, or done; declaration of change of opinion; recantation.
  

(n.)
The act of retracting, or drawing back; the state of being retracted; as, the retraction of a cat's claws.
  

(n.)
The act of retracting or shortening; as, the retraction of a severed muscle; the retraction of a sinew.