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What does junking mean?

Looking for the meaning or definition of the word junking? Here's what it means.

Verb
  1. present participle of junk
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The General Insurance Association has thrown the ball back in the court of the four companies after junking its empanelment of third party administrators.
In July, everyone held their breath as the Bank of Japan met to consider junking its 18-month-old zero interest-rate policy.
I have the luxury now of being able to spend a few days doing something pleasant and then junking the result, taking my joy from the doing rather than from the product.
So part of the essay attempts to identify the sort of praise and blame that can be practised in a dispassionate and clear-headed way, while junking the rest.
That will open the way for the White House to eventually propose junking the whole system in favor of a consumption tax, he predicts.
A string of other, smaller projects could suffer as well. The telescope's advocates say junking it now would be a false economy.

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