吊销 (diào xiāo): Revoke / cancel (Verb) — Meaning & Stroke Order

Due to serious violations of safety regulations, the factory's production license was immediately revoked.

If caught driving under the influence, how long will your driver's license be revoked?

Due to repeated violations, the company's business license was revoked.

After the business license is revoked, the company must legally undergo liquidation and handle its debts.