cooling-off period

noun

Definition of cooling-off period

  1. :  a period of time that must pass before someone can do something or before an agreement becomes final The law requires a cooling-off period between the time a gun is purchased and when it may be possessed. The workers have agreed to a 30-day cooling-off period before they strike. Once you sign the contract, you have a 14-day cooling-off period within which to change your mind.

Word by Word Definitions

cooling-offplay
  1. :  designed to allow passions to cool or to permit negotiation between parties

periodplay
  1. :  the completion of a cycle, a series of events, or a single action :  conclusion

    :  an utterance from one full stop to another :  sentence

    :  a well-proportioned sentence of several clauses

  1. :  of, relating to, or representing a particular historical period


Law Dictionary

cooling–off period

noun cool·ing–off pe·ri·od

Legal Definition of cooling–off period

  1. :  a period of time (as after a sale or a call to strike) to allow further consideration or negotiation — see also Labor Management Relations Act


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