Clear-Point Law, Practical Dictionary of Legal Terms
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definition of rejection:

the act of rejection or disagreement; in contracts, the refusal of an offer.

rejection, as it might be used:

The insurance contract is not terminated until the insurer has actually rejected the application and by appropriate notice communicated the rejection to the insured.

rejection, in an example:

On a daily basis, Ogden receives several unsolicited pieces of mail that appear to be offers for low-rate mortgages. In reality these are not offers but solicitations, inviting Ogden to apply for a mortgage which may or may not result in an actual offer. Because these solicitations are not actual offers, Ogden is not required to communicate a rejection.
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