What does cancelable mean?
The term 'cancelable' refers to the ability to stop or terminate something, such as a contract, agreement, or appointment. This can be done without penalty or consequence, making it a desirable option for individuals or organizations. Cancelable contracts, for instance, allow parties to exit the agreement without incurring any financial losses. The term is often used in business and legal contexts to describe situations where flexibility is key. In everyday language, cancelable can also refer to the ability to cancel or stop something, such as a meeting or a plan. Overall, cancelable is a useful word that highlights the importance of flexibility and adaptability in various aspects of life.
adjectiveCapable of being canceled; able to be stopped or terminated.
- 1. Capable of being canceled; able to be stopped or terminated.
"The company's cancelable contract allowed them to exit the agreement without penalty."
"The company's cancelable contract allowed them to exit the agreement without penalty."
"The meeting was cancelable, but the attendees decided to proceed as planned."
Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.
Etymology of cancelable
The word 'cancelable' is derived from the verb 'cancel', which means to stop or terminate something. The suffix '-able' is added to indicate the ability to do something, making 'cancelable' a term that describes the capacity to stop or terminate something.
Usage notes
In formal and informal contexts, cancelable is used to describe situations where flexibility is key. It is often used in business and legal contexts to describe contracts or agreements that can be terminated without penalty. In everyday language, cancelable can also refer to the ability to cancel or stop something, such as a meeting or a plan.