Abbreviation: CanMon
A \emph{cancellative monoid} is a monoid $\mathbf{M}=\langle M, \cdot, e\rangle$ such that
$\cdot $ is left cancellative: $z\cdot x=z\cdot y\Longrightarrow x=y$
$\cdot $ is right cancellative: $x\cdot z=y\cdot z\Longrightarrow x=y$
Let $\mathbf{M}$ and $\mathbf{N}$ be cancellative monoids. A morphism from $\mathbf{M}$ to $\mathbf{N}$ is a function $h:M\rightarrow N$ that is a homomorphism:
$h(x\cdot y)=h(x)\cdot h(y)$, $h(e)=e$
Example 1: $\langle\mathbb{N},+,0\rangle$, the natural numbers, with addition and zero.
All free monoids are cancellative.
All finite (left or right) cancellative monoids are reducts of groups.
$\begin{array}{lr}
f(1)= &1
f(2)= &1
f(3)= &1
f(4)= &2
f(5)= &1
f(6)= &2
f(7)= &1
\end{array}$