1 [+pedido, suscripción, tarjeta] to cancel
[+cuenta bancaria] to close
2 [+reunión, concierto, viaje, proyecto] to cancel
cancelaron el vuelo a causa de la nieve they cancelled the flight because of the snow
3 [+deuda] to pay off
tendré que ahorrar para cancelar el crédito I'll have to save up to pay off my debt
(=pagar) to pay, settle
Translation Spanish - English Collins Dictionary
tendré que ahorrar para cancelar el crédito
I'll have to save up to pay off my debt
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"Collins Spanish Dictionary 8th edition published in 2005 © William Collins Sons & Co Ltd 1971, 1988 © HarperCollins Publishers 1992, 1993, 1996, 1997, 2000, 2003, 2005"