cancellation
noun
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Definition of cancellation
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Synonyms & Antonyms for cancellation
Synonyms
abandonment, abortion, calling, calling off, dropping, recall, recision, repeal, rescission, revocation
Antonyms
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Examples of cancellation in a Sentence
Recent Examples on the Web
Meanwhile, fans have continued to campaign to bring back Shadowhunters after its cancellation was announced earlier this year. — Allie Gemmill, Teen Vogue, ""Shadowhunters" Fans Are Angry With Freeform for Reportedly Joking About the Show's Cancellation During "Toy Story 2"," 17 Dec. 2018 This week, Underwood shed some light on the health condition that led to her last-minute cancellations. — Emily Wang, Glamour, "Carrie Underwood Recently Canceled Two Shows Because She Was So Sick She ‘Couldn’t Stand’," 14 Sep. 2018 Wochit Prescott Valley announced the cancellation of their annual Fourth of July fireworks show Monday, the fifth Arizona community to do so because of extreme wildfire risks in the state. — Nathan J. Fish, azcentral, "Prescott Valley cancels July 4 fireworks show amid wildfire danger," 2 July 2018 Tabak said at the press conference announcing the cancellation of the study. — Adam Rogers, WIRED, "The Troubled End of an Ethically Compromised Booze Study," 25 June 2018 Last month Goldenvoice, which has earned its reputation through festivals including the hipster-centric Coachella and the country twang of Stagecoach, announced the cancellation of the taste-making FYF Festival. — Randall Roberts, latimes.com, "How Nic Adler turned a life in the clubs into a feast at Arroyo Seco Weekend," 15 June 2018 There were concerns about the business model of state oil company Petróleos Mexicanos, which includes hefty investment in refineries, and by the cancellation of the $13.3 billion Mexico City airport that is partly built. — Anthony Harrup, WSJ, "Sticky Inflation Behind Bank of Mexico’s Rate Increase," 3 Jan. 2019 Fans are speculating that the scheduling change could mean the end of Steve, as Deadline reports, or the cancellation of the long-running drama, Days of Our Lives. — Jennifer Aldrich, Country Living, "Kelly Clarkson’s New Talk Show Might Mean ‘Days of Our Lives’ Gets Canceled," 20 Sep. 2018 Given all the drama that has gone down with Roseanne Barr and the cancellation of the Roseanne reboot, Michael and Colin couldn't stay away from it. — Kayla Keegan, Good Housekeeping, "7 Super Awkward Moments From the 2018 Emmys You Definitely Missed," 18 Sep. 2018These 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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More Definitions for cancellation
cancellation
nounFinancial 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
English Language Learners Definition of cancellation
See the full definition for cancellation in the English Language Learners Dictionary
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Kids Definition of cancellation
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cancellation
nounLegal Definition of cancellation
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