▪Non-Refundable is a pricing definition. According to the nonrefundable pricing, the customer is to pay the entire fee selected even if the customer cancels the booking later.
▪Cancellation Rule applies the deduction as part of the rule you have determined, in case the reservation is cancelled. When your customer wishes to cancel a booking, the rate difference calculated through the refundable price is deducted. This cancellation rule does not cover the nonrefundable price.