1. able to be canceled or annulled; capable of being called off or terminated
Usage: Also spelled 'cancellable' (British English); Commonly used in legal and commercial contexts

Examples

• The airline offers cancelable flight tickets with no penalty.
• This contract is cancelable by either party with 30 days' notice.
• Most hotel reservations are cancelable up to 48 hours before arrival.
• The insurance policy is cancelable at any time during the first year.
• We purchased cancelable event tickets in case our plans changed.
• The subscription is cancelable without any hidden fees.