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  2. Cancellation (mail) - Wikipedia

    en.wikipedia.org/wiki/Cancellation_(mail)

    High speed cancellation machines were first used in Boston between 1880–1890 and subsequently throughout the country. [6] Today, cancellations may either be applied by hand or machine. Hand cancellation is often used when sending unusually shaped mail or formal mail (e.g., wedding invitations) to avoid damage caused by machine cancellation.

  3. Machine postmark - Wikipedia

    en.wikipedia.org/wiki/Machine_postmark

    1929 machine cancellation used to cancel 1d stamp on first flight cover from Nassau to Miami. A machine postmark or machine cancellation is a postmark or cancellation on mail that is applied by a mechanical device rather than with the use of a handstamp. Nearly all machine-cancellation devices apply both postmark and cancellation simultaneously.

  4. Pen cancel - Wikipedia

    en.wikipedia.org/wiki/Pen_cancel

    A used postage stamp with a pen cancel is usually worth much less than a stamp cancelled using a handstamp or machine. [5] In particular, the additional information from the handstamp is lost and the pen cancel may indicate fiscal (revenue) rather than postal use. Pen cancelling is, however, a common method of cancelling stamps used fiscally.

  5. Rescission (contract law) - Wikipedia

    en.wikipedia.org/wiki/Rescission_(contract_law)

    In finance, law, and insurance, rescission is the termination of a contract from the beginning (as if it never existed), rendering it void ab initio. In 2009, one judge ruled that borrowers who refinanced into an adjustable-rate mortgage could force a bank to rescind mortgage loans if it acted similarly inappropriately. [ 9 ]

  6. Automatic renewal clause - Wikipedia

    en.wikipedia.org/wiki/Automatic_Renewal_Clause

    An automatic renewal clause is used in the insurance and healthcare industries . An automatic renewal clause (also referred to as an evergreen clause), is activated towards the end of the contractual period whereby it automatically renews the terms of an agreement except when the contract is terminated (through mutual agreement or contract breach), or one of the contracting parties has sent a ...

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