Ring again perhaps and cancel
I believe the answer is:
repeal
'cancel' is the definition.
(I know that repeal is a type of cancel)
'ring again perhaps' is the wordplay.
I cannot really see how this works, but
'ring' could be 'peal' (pealing is a kind of ringing) and 'peal' is found in the answer.
'again' could be 're' (prefix meaning 'again') and 're' is found in the answer.
No letters remain.
This explanation may well be incorrect...
'and' is the link.
Can you help me to learn more?
(Other definitions for repeal that I've seen before include "Revoke, a law say" , "Annulment" , "reverse" , "reversal of act" , "Annul, rescind" .)