cooling-off period

noun

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.

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cooling-off period

noun
cool·ing-off pe·ri·od

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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