GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

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Non-Cancellable


Synonyms:immutable, permanent, unchangeable
Filed Under: financial-banking, insurance, legal-contracts
Tags: banking, contract, insurance, legal
 

Definition of non-cancellable

non-cancellable
1. A contract or a clause within a contract that cannot be rescinded, repealed, and/or modified.

Related Terms and Acronyms:

  • indefeasible   That which cannot be forfeited or done away with. Indemnity Protection or exemption from loss or damage.
  • modification   A change in terms of the loan agreement.
  • rescission   Cancellation of a contract by agreement of the parties.

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