cooling-off period

Noun

Meaning

cooling-off period (plural cooling-off periods)

A length of time in which the two sides to a purchase agreement, or contract can think things over and cancel with no penalty. This period is often stipulated by national law. In the UK it is currently (2008) 14 days. In many countries it is 10 days.

Source: en.wiktionary.org

Synonyms

hiatus postponement filibuster moratorium holding pattern stand-down

Examples

The federal cooling-off period is five years. Source: Internet

The unions late Wednesday submitted their second proposal of the week -- and their third offer of the ongoing 60-day cooling-off period -- while BART management on Thursday afternoon was preparing its first counter-offer in months. Source: Internet

This creates a cooling-off period during which help can be arranged. Source: Internet

Close letter words and terms

cooling tower cooling-down cooling-off day coolingly coolio coolish