Cancellable

Adjective describing something, typically a contract or agreement, that can be revoked, annulled, or terminated by one or both parties, often within a specified period. The cancellable nature of these agreements allows for flexibility and is commonly found in situations where unforeseen circumstances may arise. Understanding whether an obligation is cancellable is essential for managing risks and commitments in both personal and business contexts.

Cancellable meaning with examples

• When booking a hotel, I always look for cancellable options so that I don’t lose my money if my plans change unexpectedly. This allows me to feel secure about my reservations and travel arrangements, knowing that I have flexibility without incurring penalties for any adjustments that might need to be made at the last minute.
• The airline offers cancellable flight tickets, which gives customers peace of mind in case of emergencies or scheduling conflicts. With these tickets, travelers can modify their travel plans without facing exorbitant fees, providing an ideal solution for business professionals who often have fluctuating schedules.
• Before signing the lease of the apartment, it was crucial to confirm that the agreement was cancellable within the first month. This condition gave me an option to reconsider my decision should I find any issues or change my mind, ensuring I wouldn't be tied down without recourse if the living situation did not meet my expectations.
• In purchasing insurance, it is wise to opt for a cancellable policy. Many policies include a cancellation clause that allows the insured to terminate coverage without penalty, making it easier to switch providers if better options become available or if the financial situation changes unexpectedly.
• During contract negotiations, it is advisable to include a cancellable clause if there are uncertainties about future commitments. This ensures that either party can disengage from the agreement without severe repercussions, fostering trust and adaptability in business relationships amidst rapidly shifting market conditions.