/ˌkæn.səlˈeɪ.ʃən/ – Noun
Definition: 1. việc hủy bỏ, việc bãi bỏ, việc xóa bỏ;
2. việc trang trải, việc thanh toán;
3. việc gạch bỏ.
A more thorough explanation: Cancellation refers to the act of voiding, annulling, or terminating a legal agreement, contract, or obligation. It involves the formal revocation or termination of a previously established legal relationship or commitment.
Example: The cancellation of the contract was due to a breach of the terms and conditions by the other party.