This is the 9861st most frequent Japanese word.
解約
Cancellation; termination of a contract.
In this sentence, '解約' (kaiyaku) is used as a noun meaning 'cancellation' or 'termination,' referring to the action of canceling a contract.
私はこの契約を解約したいです。
I want to cancel this contract.
Here, '解約' (kaiyaku) is part of the phrase '解約手続き,' meaning 'cancellation procedures,' indicating the process involved in canceling a contract or service.
解約手続きはオンラインでも可能です。
Cancellation procedures can also be done online.
In this usage, '解約' is used in verb form (する), meaning 'to cancel,' indicating the act of terminating a plan or subscription at a specified time.