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
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. 2019These 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
cancellation
noun
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Kids Definition of cancellation
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cancellation
nounLegal Definition of cancellation
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