noncancellable


Also found in: Legal.

noncancellable

(ˌnɒnˈkænsələbəl) or

noncancelable

adj
(Banking & Finance) (of a policy, ticket, or agreement) not able to be cancelled
References in periodicals archive ?
Disability: You can become disabled, so purchase a noncancellable long-term disability policy to supplement any Social Security benefit.
In short, lessees must record the noncancellable portion of the lease on the balance sheet for all leases lasting 12 months or longer.
Coverage is noncancellable, an important selling point for companies which need certainty of coverage in areas of the world where circumstances change from benign to dangerous very quickly.
Noncancellable and Guaranteed Renewable Terminology Defined
The provision applies in the case of reinsurance of risks other than life insurance, annuity or noncancellable accident and health insurance risks.
Also, it's important to talk to clients about guaranteed renewable products, rather than a noncancellable, to reduce cost and save money.
Providing noncancellable, investment-grade insurance capacity for this sort of risk was something that had never been done before.
All noncancellable obligations must be capitalized" is not quite so grand as the thousands of pages of rules and interpretations that say the same thing.
We renewed prior to September 11 with a three-year, noncancellable policy.
1) The lease term includes the period through the date a bargain purchase option becomes exercisable, including (i) the fixed, noncancellable term, (ii) any periods covered by bargain renewal options, (iii) all periods for which failure to renew imposes a penalty such that as of lease inception, renewal appears reasonably assured, (iv) any periods covered by ordinary renewal options during which the lessee is expected to be a lender or guarantor of debt to the lessor related to the leased property, (v) all periods covered by ordinary renewal options preceding any bargain purchase option, and (vi) all periods representing renewals or extensions at the lessor's option.
The value of operating leases is estimated as the present value of all reported noncancellable leases.
AcSEC understands that, although the terms of contractual arrangements between a television network and an entity in the film industry for delivery of an episodic television series may be binding and noncancellable in form, in practice these contracts often are amended or canceled in the initial years of the series.