an act of canceling.
the marks or perforations made in canceling.
something canceled, as a reservation for a hotel room, airplane ticket, allowing someone else to obtain the accommodation.
Also, cancelation.

1525–35; < Latin cancellātion- (stem of cancellātiō). See cancellate, -ion

recancellation, noun Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
cancellation (ˌkænsɪˈleɪʃən)
1.  the fact or an instance of cancelling
2.  something that has been cancelled, such as a theatre ticket, esp when it is available for another person to take: we have a cancellation in the stalls
3.  the marks or perforation made by cancelling

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Example sentences
Things such as debt cancellation or permanent tax cuts fail.
The contracts were so large that a single cancellation could wreck a small
No refund or compensation will be made in the event of the cancellation or
  delay of any flight.
First, there was the financial crisis that almost forced the cancellation of
  the entire season.
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