cancellation fee

Withdrawal charge assessed

A cancellation fee is a charge imposed when someone backs out of a reservation, booking, or contract.

Hotels, airlines, and service providers use cancellation fees to offset lost revenue from no-shows: The hotel charged a $150 cancellation fee when we canceled the day before.

The fee typically increases the closer to the scheduled date you cancel.

Opposites
transaction timing/purpose

cancellation feedeposit

Place for safekeeping

down payment · retainer · advance payment · booking fee · reservation fee

financial consequence direction

cancellation feerefund

Money returned after purchase

full refund · money back · reimbursement · completion bonus · free cancellation

Family

cancellation, cancel, canceled, cancelled, canceling, cancelling, cancels, cancelable, cancellable

Familiarity
Top 200,000
Profile
Known to kids · Used worldwide · Timeless · Concrete · Negative · Everyday, not technical · Rated G