(かいやくきん)

かいやくきん
noun
cancellation fee; early termination charge
businessmoneybusiness
1. cancellation fee; early termination charge
A fee charged when a contract is cancelled before its agreed term, common with mobile phone plans, rental agreements, and subscriptions.
解約金(かいやくきん)かかる
A cancellation fee applies.
If you cancel partway through, a cancellation fee is required.
Once the contract period ends, you can cancel without any termination charge.

Formed from 解約(かいやく) (cancellation of a contract) + (きん) (money, fee). Most often encountered with phone carriers, internet providers, and rental contracts.

Common collocations

Similar words