A "cancellation period" refers to a specific timeframe during which you can cancel a service or a purchase without facing any penalties or consequences. Full definition
One exception is mortgage refinancing loans which offer a longer window — you have a three - day cancellation period even after the loan has been funded. (sapling.com)
If the rental is cancelled outside of the applicable cancellation period, the renter will be charged $ 150 plus 3 % of the deposit amount. (caymanvacation.com)
Unlimited memberships will be charge $ 15 for a late cancel and $ 20 for a no show if a class is not cancelled in advance of the noted cancellation period. (pilatesplatinum.com)