cancellation

noun

can·cel·la·tion | \ ˌkan(t)-sə-ˈlā-shən

variants: or less commonly cancelation

Definition of cancellation

1 : the act or an instance of canceling The cancellation of the game was due to bad weather.

2 : something (such as a hotel room or a ticket) made available by the canceling of an arrangement was lucky to get a cancellation for the trip to Chicago

3 : a mark made to cancel something (such as a postage stamp)

Synonyms & Antonyms More Example Sentences Learn More about cancellation

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Examples of cancellation in a Sentence

The storm caused delays and flight cancellations. Notice of cancellation should be given 30 days in advance. There is a fee for cancellation. Cancellations increased when rates doubled.

Recent Examples on the Web

In such markets, his drivers carry sophisticated handheld devices that allow the cancellation of orders up to a minute before delivery. — The Economist, "DistributionAmazon and Alibaba are pacesetters of the next supply-chain revolution," 12 July 2019 There were seven individual and team events lined up, but lighting delays caused the cancellation of two races. — Emmett Hall, sun-sentinel.com, "Rough surf kicks up competition at 2019 Junior Lifeguard Florida State championships," 11 July 2019 Now, Boeing is facing cancellation of a lucrative contract to sell 20 Max 737s to a Saudi Arabian airline, signaling that the company’s troubles are far from over. — Ephrat Livni, Quartz, "Boeing’s 737 Max woes just cost it a $5.9 billion order," 7 July 2019 Kids are lamenting the cancellation of Independence Day fireworks — not that pyrotechnics show up all that well anyway under the midnight sun. — Richard Read, latimes.com, "Baked Alaska: It’s beach time as a heat wave hits cities across the state," 5 July 2019 The semi-autonomous entrepôt has been seized this month by massive protests demanding the cancellation of a controversial bill that would allow extradition to the mainland. — Time, "Hong Kong Is a Rebel Enclave in a Sea of Totalitarianism. Welcome to the New West Berlin," 28 June 2019 At this time last year, much of Arizona was experiencing extreme drought conditions that forced the cancellations of many traditional celebrations. — azcentral, "Here's where (and when) to see July 4th fireworks in Phoenix, Tempe, Scottsdale, Glendale and more," 26 June 2019 Last year, that forced cancellation of more than two-dozen outdoor performances. — Matthew Brown, The Denver Post, "Jump in wildfires across Western U.S. means smoke’s health impact will spread," 25 June 2019 Last year, that forced cancellation of more than two-dozen outdoor performances. — Matthew Brown, Anchorage Daily News, "Smoke from more intense Western US wildfires raises health risks," 25 June 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'cancellation.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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Dictionary Entries near cancellation

cancellaresca corsiva

Statistics for cancellation

Last Updated

15 Jul 2019

Look-up Popularity

Time Traveler for cancellation

The first known use of cancellation was in 1535

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More Definitions for cancellation

cancellation

noun

Financial Definition of cancellation

What It Is

In the finance world, a cancellation is a notice informing a broker that a trade was made incorrectly. In the insurance world, a cancellation occurs when a policyholder stops paying the premium on an insurance policy and/or the insurance policy is no longer effective.

How It Works

Let's say Jane Smith calls her broker, John Doe, and tells him to buy 1,000 shares of Company XYZ. John puts the trade in, but gets a cancellation telling him that the floor accidentally bought 1,000 shares of Company X instead. John quickly puts in a new trade for Jane and then calls and tells her what happened. Because the price of Company XYZ rose about $0.25 before Jane could actually get her shares, John offers to make her whole on the trade.

In another example, let's say Peter Walker has a term life insurance policy that costs him $100 a month. He loses his job and can't afford to pay the premium anymore. In turn, the insurance company cancels the policy and Peter no longer has life insurance.

Why It Matters

Computerized trading has vastly improved the accuracy of trading in developed markets, but occasionally somebody types the wrong ticker symbol or transposes a number, causing a cancellation. Cancellations can be a sneaky way of covering up wrongdoing in an account, so they involve a considerable amount of paperwork and verification.

In insurance, cancellations may relieve a consumer of monthly premium payments, but they can also expose the consumer to considerable risk. In Peter's case, a lack of life insurance might mean that if he dies now, his children may have to sell his assets just to pay for his funeral and estate taxes if they are no longer the beneficiaries of his life insurance policy.

Source: Investing Answers

cancellation

noun