cancellation terms
noun phraseUK /ˌkænsəˈleɪʃən tɜːmz/
US /ˌkænsəˈleɪʃən tɜrmz/
The rules that tell you what happens if you cancel something.
Please read the cancellation terms before you book the hotel.
OTHER MEANINGS
2. The specific time limits for canceling without a fee.
The cancellation terms say you must cancel at least 48 hours before the event.
3. The money rules for canceling a subscription or service.
The cancellation terms explain that no refund is given after the first month.
4. The legal wording about ending an agreement early.
The lawyer checked the cancellation terms in the rental contract.