Definition, Meaning & Synonyms

cancellation-fee

noun
/ˌkæn.səˈleɪ.ʃən fiː/
Definition
A charge that is incurred when a person or organization cancels a reservation or appointment.
Examples
  • If you cancel your hotel reservation less than 24 hours before arrival, a cancellation fee will apply.
  • The airline informed me that a cancellation fee is charged if I don’t notify them in advance.
Meaning
A cancellation fee is a monetary penalty due to the termination of a previously agreed-upon arrangement, such as a booking or contract.
Synonyms
  • cancellation charge
  • penalty fee
  • termination fee