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

Following the cancellation, James thanked the cast, crew, network and fans. — Eric Todisco, PEOPLE.com, "Kevin James Will Star in New Netflix Comedy Series as a NASCAR Crew Chief," 4 Sep. 2019 According to a screenshot taken by HuffPost UK, the singer announced the cancellation on her Instagram Story on Friday (August 30) ahead of her concert. — Natasha Reda, Glamour, "Ariana Grande Shut Down a Troll Who Accused Her of Using Autotune in Concerts," 1 Sep. 2019 The cancellation of China’s decades-long one-child policy decreased the number of Chinese babies coming to the U.S., according to Children’s Home Society adoption director Alexis Oberdorfer. — Jasmine Johnson, Twin Cities, "Minnesota adoptions falling. International adoptions most affected.," 31 Aug. 2019 The cancellation of the show has murderous consequences. — Briana Rice, Cincinnati.com, "Banana Splits has a new movie, and surprise! It's a horror film," 21 Aug. 2019 No Use’ Crystal Yip, a 20-year-old university student, sat peacefully among the demonstrators at the airport on Monday, which prompted the cancellation of more than 150 flights. — New York Times, "Protests Put Hong Kong on Collision Course with China’s Communist Party," 12 Aug. 2019 More than 30 current and former Homeland Security employees and contractors voiced concern that the changes — including the cancellation of dozens of training exercises — have put Americans at greater risk. — Los Angeles Times, "Newsletter: Is This ‘Making America Safe Again’?," 19 July 2019 However, general alumni opinion since the turn-down (and the cancellation of the college’s planned Fortieth Alumni Reunion Gala) has been running ten to one against the deplatforming. — Nr Editors, National Review, "Letters," 11 July 2019 No one from the chancellor’s office could confirm when the policy changed, but a state student fee handbook update from 2012 listed the cancellation of mandatory fees. — Andrew J. Campa, Glendale News-Press, "Glendale Community College to return fees for student IDs it likely shouldn’t have collected," 22 Aug. 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

9 Sep 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