A cancellation clause allows the warranty holder to cancel the policy and receive monies back. Typical cancellation clauses allow a money back guarantee within 30 days of the start of coverage providing no claims have been filed. After 30 days a cancellation can only occur in the event that the Vehicle is declared a "total loss" by an Insurance company. A "total loss" refund is usually prorated based on time and mileage that the policy was in force.

Cancellation as of the inception date of the policy, with a return of all premiums received.

Cancellation whereby the premium returned to the insured is directly proportional to the unexpired portion of the policy period.

Cancellation whereby the premium returned to the insured in the first year of a policy, as calculated from the applicable short rate provision, is less than the proportional or pro rata portion of the policy period that remains.

When an insurance policy is terminated by either party according to the terms of the contract.

the termination of an in-force insurance contract by either the insured or insurer. Termination may be voluntary, involuntary, or mutual in accordance with the provisions in the contract.

This action is carried out by either the insurance company, or by the insured effectively ending the policy and effectively terminating coverage.

Typical cancellation clauses of an extended warranty are for the owner to receive a full 100% money back guarantee if the policy is cancelled with the first 30 days of enrolling, if there have been no claims filed. After 30 days the refund is usually prorated based on time and mileage that the policy was in force.

The decision by either the insured or the insurer to terminate a policy in accordance with the provisions in the contract or by mutual agreement.

Termination of an insurance contract before the end of the policy period, by the insured or insuror, usually in accordance with provisions in the contract. Flat - Cancellation of a policy at or before it becomes effective with all the premium refunded to the policyholder. Pro-rata - A system of cancelling a policy before it expires and returning to the policyholder an amount of premium proportional to the unexpired days of the policy. Short-rate - A method of figuring the return premium when a policy is cancelled by the insured. A portion of the unearned premium is kept, by the company, for expenses.

is when the policy is terminated midterm by the insurance company, the earned premium is calculated only for the period of coverage provided.

is when the policy is terminated prior to the expiration date at the policyholder's request. Earned premium charged would be more than the pro-rata earned premium. Generally, the return premium would be approximately 90 percent of the pro-rata return premium.

The termination of the registration or approval status of a program at the request of the supervisor or sponsor. Cancellation also refers to the termination of an apprenticeship agreement at the request of the apprentice, supervisor, or sponsor.

Termination of an insurance policy or bond by an insurance company or a policyholder before its expiration date.

Termination of an insurance policy or coverage while the policy is still in effect.

The act of terminating a homestead entry because of the failure of the purchaser to meet the conditions of sale (i.e. the improvements) in the required time frame. If a homestead entry was canceled, the land was usually transferred back to the original owning agency (colonization company, Department of the Interior, etc.) and re-opened for sale or entry. This procedure was enacted in an effort to stop land speculation.

When an insurer or policyholder decides to stop coverage before the policy expires.

The termination of coverage during a policy period or renewal. Policies can be terminated for non-payment of premium or underwriting reasons.

This is the ending of an insurance policy. When cancelled the policy is no longer in effect. The policy can be canceled either at the insured or the insurance company for specific causes. Examples of reasons for cancellation would be non-payment of premium or fraudulent information on the application.

Termination of the insurance contract. Cancellation may be requested by the insurer (in certain circumstances) the insured, or by a lender for nonpayment of premium if the policy is premium financed.

an official act to terminate an enrollment before classes start for the term of enrollment.

your policy will terminate on a specified date prior to the expiration date listed on your declarations page.

Termination of contract of insurance in force by voluntary act of the insurance company or insured, effected in accordance with provisions in the contract or by mutual agreement.

is the termination of insurance coverage during the policy period.

Termination of an insurance policy by the insured or the insurance company during the policy period.

When an insurer discontinues an auto policy because a driver fails to pay the premium, loses driving privileges, or has not accurately reported the facts relating to his level of risk. A cancellation may make it difficult to get insurance for a long time to come.

Termination of an insurance policy by the insurance company or policyholder before a policy expires.

Termination of an insurance policy by the company or insured before the renewal date.

The termination of an insurance contract by the insured or the insurer in accordance with the policy provisions.

An act that ends a GM Protection Plan contract earlier than the scheduled contract expiration. Cancellation requests made within 60 days of GM Protection Plan purchase will be refunded in full if no claim has been made. After 60 days, contracts will be canceled using a pro rata method. Fees and requirements vary by state.

termination of an insurance policy during the period of insurance, either by the insured or by the company.

A cancellation clause allows the extended auto warranty holder to cancel the policy and receive a refund. Most extended auto warranties have a 30 day full refund cancellation clause, providing no claims have been filed. Typically, cancellation refunds are prorated based on the length of time and mileage driven while the policy was in force.

The discontinuance of an insurance policy before its normal expiration date, either by the insured or the company.

The termination of an insurance contract by either you or your insurer in accordance with your contract provisions and provincial laws.

What occurs when a policy is ceased by the insurer or the insured in compliance to what is outline in the contract.

The termination of your insurance coverage during the period in which your policy is in effect

The act of terminating an insurance policy before its expiration date, either by the policyholder or by the company.

Termination of a general insurance policy by the policyholder (usually during the period of cover).

To terminate a contract before its expiration date by either the insurance company or the policyholder.

Termination of a contract without undoing those acts that have already been performed under the contract.

This is the termination of an insurance contract according to the terms of the contract. It may be executed by the insured or the insurer.

Run-off basis means that the liability of the reinsurer under policies, which became effective under the treaty prior to the cancellation date of such treaty, shall continue until the expiration date of each policy; Cut-off basis means that the liability of the reinsurer under policies, which became effective under the treaty prior to the cancellation date of such treaty, shall cease with respect to losses resulting from accidents taking place on and after said cancellation date. Usually the reinsurer will return to the company the unearned premium portfolio, unless the treaty is written on an earned premium basis.

Insurers have the right to cancel your policy at any time. However, they have to give the required period of notice, usually between 7-28 days. And they must refund a pro- rata premium, that is, full proportion of the unexpired period. But in practice, mid term cancellation is exceptional. If you cancel, then insurers will charge short period rates, although they may return pro-rata if, for example, you have sold the property insured.

Abandonment of a contract. In insurance, termination of a contract before its expiration by either the insured or the company. The notice of cancellation and methods by which it can be effected are usually set forth in the insurance contract.

(1) Voiding of a document by defacement, perforation, or other means, whereby restoration is made possible. (2) Investments: The termination of an insurance contract prior to the end of the policy period.

(p) - refers to coverage that terminates before the policy's ending date.

The cancellation provision of a policy allows either the Insured or Insurer to cancel a policy. These provisions vary depending on country requirements, market practices, and type of insurance. A careful reading of the provision for each policy is advised.

The termination of insurance coverage during the policy period. Flat cancellation is the cancellation of a policy as of its effective date, without any premium charge.

The act of declaring a driver's license void and terminated.

A cancellation occurs when your in-force insurance contract is terminated before the policy period ends. Cancellation can be initiated by either party, and may be voluntary, involuntary, or mutually agreed upon. Penalties may apply, depending upon the contract provisions. Flat cancellation is the cancellation of a policy on its effective date without any premium charge, as if it had never been issued.

The discontinuation of the insurance policy before its normal expiration date.

termination of a policy before it is due to expire.

(Annulation or Résiliation) The termination of the policy before the end of a policy period. Usually if the company cancels the policy, the insured is entitled to a pro rata return of premium for the unused portion of the policy. If the insured cancels, he is entitled to a short rate (as set out on the policy) return of premium.

Done either by the insurer or insured, this discontinues the policy before its normal expiration date

The termination of an insurance policy either by the insured party or the insurance company, before its normal expiration date. A cancelable policy includes a provisions the the contract can be terminated by either party upon notice to the other. By contrast, a non-cancelable policy cannot be canceled by the insurance company during its specified term. (unless non-payment of premium)

Termination of a policy before its normal expiration date.

Termination of an insurance contract before its expiration date by either the insurance company or the policyholder.

When either you or your insurance company voluntarily end your insurance contract during the policy period. Either you or your company may cancel the contract, but each must do so according to specific rules set out in the contract.

The termination of an insurance policy usually before its expiration.

The discontinuance of an insurance policy before its normal expiration date, either by the company or the insured.

Termination of an insurance coverage during the policy period by the voluntary act of the Insurance Company or Insured, effected in accordance with provisions in the contract or by mutual agreement.

The termination of a policy before its specified expiration date. The policyholder or the insurance company can request cancellation, according to the policy's terms.

Termination of a policy in force by a voluntary act of the insured or insurer.

The termination of an insurance contract by either the insurance company or the insured.

Insurance policy may be cancelled at any time subject to a period of notification by the insurer. A prorated refund of the premium would then be issued for the unexpired period by the Insurer. However if the Insured cancels the policy, the insurer will charge short period rate for the time on risk.

A policy may be cancelled at the request of either party - usually the client.

Also known as Cancel. A marking intended to show a stamp has been used and is no longer valid as postage. Modern cancels usually include the name of the original mailing location or a nearby sorting facility and the date of mailing. Most cancellations also include a section of lines, bars, text or a design that prints upon the postage stamp to invalidate it.

Any authorised defacing mark on a stamp.

Defaced plate, block or stone after an edition is pulled.

A mark used by the post office to show that a stamp has been used. Centering - The position of the design on a postage stamp. On perfectly centered stamps, the design is exactly in the middle.

mark on withdrawn notes from circulation by punch hole, perforation, cutting, overprinting, stamping or writing.

An official mark on the face of a stamp which renders it 'used'

An impression used to mark a postage stamp to prevent its reuse. May be done by machine, hand stamp, or (when missed by initial processing), indelible pencil. A date, time and location is usually included in the cancelling die. (oblitération)

Another term for postmark or franking.

Mark on stamp to show it has been postally used.

A mark on the back of your returned check and the simultaneous notice appearing on a television monitor in the passenger waiting area that you won't be going anywhere today.

A marking applied to the stamp to deface it in a manner to prevent its reuse. Dated cancellations also provide a mailing date record.

A marking applied to an envelope, usually stamped, to denote mailing and to render the stamp, if any, unfit for further use.

A mark placed on a stamp by a postal authority to show that it has been used -- some may be somewhat more artistic than the usual simple postmark.

On mail, a cancellation (or cancel for short) is a postal marking applied to a postage stamp or postal stationery indicating that the item has been used. Modern cancellations are often applied simultaneously with a postmark, for efficiency, and commonly the terms "cancellation" and "postmark" are used interchangeably, if incorrectly. (The confusion arises because of the practice of some postal administrations of applying the postmark directly on the stamp, at the cost of legibility.)

Forgiveness of his or her obligation to repay a portion or the total principal and interest of the obligation upon the death of an individual or upon approval of HHS of permanent and total disability. Close

Cancellation of a loan means that the student is no longer responsible for paying the balance on the loan. Cancellation can occur in several ways. Sometimes loans can be cancelled or discharged under certain circumstances, such as death or permanent disability of the borrower. Sometimes a loan must be cancelled before it is released to the student account. This can happen because of a recent eligibility change or because of an over-award (student receives additional grant or scholarship aid).

Some student loan programs allow for all or part of the total loan principal and accrued interest to be canceled in certain circumstances. A canceled loan may also be referred to as a "discharged loan."

Forgiveness of all or part of the loan due to specific circumstances.

Discharge of a portion or the total loan.

Unlike other consumer loans, the balance of an education loan may be canceled upon death or disability of the borrower. Or, if funds were never disbursed on the loan, funds will be returned to the lender and the loan is considered cancelled. Also if the loan is repaid within 120 days or the check is not cashed within 120 days, the loan is considered cancelled.

Loan forgiveness due to death, disability or other causes approved in some cases.

The balance of a student loan may be cancelled upon the death or total and permanent disability of the borrower.

Our federal and private loan programs can be cancelled at any time prior to the complete disbursement of the funds. If you choose to cancel your loan, please call us immediately.

Dismissal of a loan due to circumstances such as death or total and permanent disability. Central Processing System (CPS) The U.S. Department of Education's computer system; matches and calculates the Expected Family Contribution (EFC) and delivers The Student Aid Report (SAR).

Some loan programs provide for cancellation (i.e., waiver of your requirements to repay the loan) under certain circumstances, such as death or permanent disability of the borrower. Some federal student loan programs have additional cancellation provisions. For example, students who become teachers in certain national shortage areas, may be eligible for cancellation of all or part of the balance of their educational loans. See also forgiveness. Please check with your loan servicer to determine if you are eligible for partial or total cancellation. The following is a list of occupations, professions, and situations that may be eligible for cancellation: (Note: You may lose these privileges if you consolidate.) Teacher--low income school, special education, or shortage in specified field (i.e., math or science) Head Start Administrator Law enforcement or corrections officer Military service in area of hostility Peace Corps volunteer Full-time nurse or medical technician Full-time employee of family services organization working with high-risk children Totally and permanently disabled Death

Revocation of a loan guarantee because the funds were never disbursed, the original check is returned to the lender, the loan is repaid within 120 days or the check is not cashed within 120 days.

When the federal government pays a student borrower's loan debt due to the borrower's death or total and permanent disability.

Some loan programs provide cancellation of the loan under certain circumstances, such as death or permanent disability of the borrower. Some of the Federal student loan programs have additional cancellation provisions. For example, if the student becomes a teacher in certain national shortage areas, they may be eligible for cancellation of some or all of their educational loans.

The revocation of a federal loan guarantee that occurs if: The loan funds are never disbursed; The borrower's check is returned uncashed to the lender within 120 days of disbursement; The loan proceeds disbursed by EFT or master check have not been released from the school's restricted account within 120 days of disbursement; The loan is paid in full within 120 days of disbursement; The guarantee is not lost on the entire loan if a disbursement is canceled.

Clause in which a portion or all of a student's loans can be canceled. Promissory notes outline the circumstances under which loans can be canceled.

Cancellation releases a borrower from the obligation to repay his or her loan. There are three cancellation periods in the loan life cycle: before disbursement, after disbursement but before repayment begins, and once repayment begins. Before disbursement, the borrower may cancel or withdraw the application by telling the lender that the loan is not wanted. After first disbursement and before repayment, the borrower has the right to return the loan proceeds in full within 120 days (after that the borrower owes fees and any accrued interest) and thereby cancel the loan. In this same cancellation period, the borrower may also effect a "partial" cancellation by returning individual (but not all) disbursements. After repayment begins, the borrower must meet certain requirements or conditions to be eligible for discharge from federal student loans. A loan cannot be discharged or cancelled because the borrower didn't complete the program of study (unless the borrower was unable to complete the program because the school closed), didn't like the school or the program, or didn't find work after completing the program.

Some loans provide for cancellation for part or all of the amount owed under certain circumstances, such as teaching in designated teacher shortage areas.

When the borrower doesn't have to pay part or all of the loan because the school closed, the borrower's loan eligibility was falsely certified, the school failed to pay a refund to the borrower when it was due, the borrower serves as a teacher or child-care worker; or the borrower declares bankruptcy, dies or becomes disabled. Also see "Discharge" and "Forgiveness."

Unlike regular consumer loans, the balance of a student loan may be canceled upon the death or permanent and total disability of the borrower.

Unlike regular consumer loans, the balance of some student loans may be canceled upon the death or disability of the borrower. Student loans may also be canceled in full or in part for service in a particular geographic location or in a particular specialty, e.g., primary care. Each such loan has its own stipulations.

Balance of a loan that is canceled if the borrower dies or becomes permanently and totally disabled.

The balance of some student loans may be canceled upon the death or permanent disability of the borrower or upon full or in part service in a particular field or geographic area.

Means the voluntary annulment of a license by a licensee who is in good standing.

The annulment of invalidation of a contract or agreement.

The annulment of a loan or portion of a loan.

A document or process that revokes, removes, or erases the debt on real estate indicated by the recording of a Deed Of Trust. There are four methods of cancellation.

The rescinding of an existing license at the request of the licensee. This occurs, for example, if the licensee has ceased operations and turns in its license. In the ULS database the license status code is changed from A active to C canceled. (Also see Termination.)

A cancellation is the revocation of a Payment Request. It may only be applied to a Payment Request, not the payment. Therefore payments that have been paid cannot be cancelled by this method.

Revocation of a buy or sell order, an action that is permissible at any time prior to execution. After execution, it is allowed only with the consent of the other party to the trade and with the approval of a NYSE floor official.

This formal process needs to be followed when the actual content of an order is changed, that is, the order is to be partially or completely cancelled with the mutual agreement of the vendor. An example would be when a vendor cannot ship all or a portion of the goods or services listed on the purchase order. In order to request this formal cancellation process, an approved requisition must be forwarded to the Procurement Office (NE49-4122) with reference to the original purchase order number, vendor name, the nature of the change necessary for cancellation, and documentation that the vendor agrees with the cancellation.

Decided by the company starting from administrative or legal criteria such as discontinuation of the drawee's business activities, leasing management, merger-absorption..., the coverage previously granted is removed.