ETF if cancelling during last month of contract?

I would like to port out my phone number (and cancel service), but I have another 1-2 months on the contract.  I understand that porting out the number implies an immediate cancellation of service.  However, I'm not sure what it means that "cancellations become effective at the end of the billing cycle".  If I cancel service at the beginning of the last billing cycle of my contract, will I be charged an Early Termination Fee?

    LRVassar, thanks for helping us support verizon_question_i with information regarding the Early Termination Fee. Click http://vz.to/1giVQd9 for more details regarding the Customer Agreement and how the Early Termination Fee is incurred.
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