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

The hospital also failed to ensure escorts were available to take patients to medical appointments, forcing the cancellation of 31 dental appointments in April, and didn’t respond properly to patient grievances. — Washington Post, "US: Care lacking at troubled Washington psychiatric hospital," 27 June 2018 Paperwork errors last year also forced the cancellation of execution dates for Larry Swearingen and Juan Castillo. — Keri Blakinger, Houston Chronicle, "Prosecutors ask to push back death date for Texas 7 escapee, citing clerical error," 27 June 2018 Pyongyang has appeared unimpressed by the cancellation of exercises. — Gordon Lubold, WSJ, "‘War Games’ Trump Said Were Too Expensive Cost Less Than a Fighter Jet," 11 July 2018 Fans were shocked by ABC's cancellation of the show in 2017. — Megan Friedman, Country Living, "How ‘Last Man Standing’ Went From Hit Sitcom, to Canceled, to Revived For Its Seventh Season," 11 July 2018 Two dozen restaurants joined on Alchemy’s Facebook page in expressing their disappointment in the cancellation of summer restaurant week. — Erika Butler, The Aegis, "Some restaurant owners unhappy with Visit Harford! decision not to host summer restaurant week," 6 July 2018 However, Sporting are said to be still expecting to receive the fee which had previously been agreed upon, despite the effective cancellation of Patricio’s contract with the club prior to his move. — SI.com, "Sporting CP Chief Holding Firm Over Demands Following Rui Patricio's Shock Wolves Transfer," 4 July 2018 Following the cancellation of Breakfast on Broad in February 2017, former co-hosts Sarah Baicker and Jillian Mele left the network to pursue other other opportunities. — Rob Tornoe, Philly.com, "Sixers sideline reporter Molly Sullivan out at NBC Sports Philadelphia," 20 June 2018 The news of a possible Nanny revival comes three weeks after the cancellation of fellow nineties sitcom Roseanne's revival. — Emily Wang, Glamour, "Fran Drescher Says a Nanny Revival Could Happen," 19 June 2018

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

7 Oct 2018

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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