🇪🇸Spanish Source WordCode: ES

penalización por cancelación

Pronunciation / Transliteration: /pe.na.li.θaˈθjon poɾ kan.se.laˈsjon/

🇬🇧 Direct English Meaning:
Termination fee/ˈtɜː.mɪˌneɪ.ʃən fiː/
nounCEFR C1 (Advanced)Top #14500 frequency
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🇪🇸 Example Sentence in Spanish:

"El proveedor cobra una penalización por cancelación si rompes el acuerdo."

Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    A charge levied by a service provider or business when a contract is ended prematurely by the customer.

    "She had to pay a steep termination fee to cancel her mobile phone plan before the two-year contract expired."
  2. 2

    A financial penalty specified in a corporate merger or acquisition agreement if one party backs out of the deal.

    "The acquiring company collected a substantial termination fee when the merger negotiations collapsed."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term combines 'termination,' originating from the Latin 'terminare' (to end or bound), with 'fee,' derived from Old English 'feoh' meaning property, cattle, or money paid. It emerged in modern legal and business lexicons during the late 20th century to describe contractual penalty charges.

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