In addition to the unit price for reserved bandwidth The amount of data transmitted or received per unit of time. When we refer to acquiring or selling bandwidth, we mean the amount of information that can be sent over a connection at one time, at the allowed speed, without packet loss or excessive delay. Bandwidth is measured in bits-per-second., you can specify a cancellation fee. This fee is expressed as a percentage: the fee is that percentage times the remaining time on the reservation. If the reservation is cancelled, this percentage of the value of the cancelled portion of the reservation is charged to the buyer. For example, if the cancellation fee is 50% and the buyer cancels the last quarter of the contract, the buyer owes 25% of the original contract price (the remaining portion of the contract) times 50% (the cancellation fee), or 12.5% of the original contract price. Buyers are informed of this fee in a pop-up confirmation window when they ask to cancel a reservation.