Definition of cooling-off period
: 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
: designed to allow passions to cool or to permit negotiation between parties
: 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
: of, relating to, or representing a particular historical period
Legal Definition of cooling–off period
: 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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