Etymology
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cancellation (n.)

also cancelation, "act of cancelling," 1530s, from Latin cancellationem (nominative cancellatio), noun of action from past-participle stem of cancellare "to cancel" (see cancel). Of reservations for conveyances, hotels, etc., from 1953.

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Definitions of cancellation

cancellation (n.)
the act of cancelling; calling off some arrangement;
cancellation (n.)
the speech act of revoking or annulling or making void;
From wordnet.princeton.edu