cancellation policy

Reservation withdrawal rules

A cancellation policy is a set of rules governing what happens when someone backs out of a booking, reservation, or agreement.

Hotels, airlines, and services specify how far in advance you must cancel to receive a refund, and what penalties apply otherwise: Check the cancellation policy before booking.

Flexible policies allow last-minute changes; strict ones may forfeit your entire payment.

Related

booking · reservation · deposit · nonrefundable · flexible · strict · penalty · fees · change fee · deadline · notice · hotel · airline · fine print · waiver · credit · rebooking · no-show

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flexibility vs. commitment

cancellation policybinding agreement

Enforceable mutual commitment

firm commitment · final sale · binding contract

contingency vs. assurance

cancellation policyguarantee

Formal promise of fulfillment

Family

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