cooling-off period
(redirected from Cooling Off Periods)Also found in: Legal, Financial.
cooling-off period
n
1. a period during which the contending sides to a dispute reconsider their options before taking further action
2. (Law) a statutory period, often 14 days, that begins when a sale contract or life-assurance policy is received by a member of the public, during which the contract or policy can be cancelled without loss
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cooling-off period
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