cooling-off period — a time during which a person can withdraw from a binding contract without any serious penalty. A cooling off period is not normally available. It applies in terms of the Consumer Credit Act 1974 where contracts such as hire purchase contracts are … Law dictionary
cooling-off period — cooling off periods N COUNT A cooling off period is an agreed period of time during which two sides with opposing views try to resolve a dispute before taking any serious action. There should be a seven day cooling off period between a strike… … English dictionary
Cooling-off period — may refer to: Period of time after a purchase during which the purchaser has the right to return goods for a refund, or to cancel a contract without penalty (see buyer s remorse) Waiting period, the time which a company making an IPO must be… … Wikipedia
cooling-off rule — A rule that allows you to cancel a contract within a specified time period (typically three days) after signing it. Federal cooling off rules apply this three day grace period to sales made anywhere other than a seller s normal place of business … Law dictionary
cooling-off period — cooling off .period n 1.) BrE a period of time after you have signed some types of sales agreement, when you can change your mind about buying something ▪ Customers signing new life policies will have a cooling off period of 14 days in which to… … Dictionary of contemporary English
cooling–off period — cool·ing–off pe·ri·od n: 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 in the important laws section Merriam Webster’s Dictionary of Law. Merriam… … Law dictionary
cooling-off period — [ko͞ol′iŋ ôf΄] n. a period of time during which an action, as a strike or a lockout, or a transaction, as the purchase of a gun, may not be effected or completed so as to allow reconsideration of a decision made in haste, under pressure, or due… … English World dictionary
cooling-off period — The period of time between the filing of a preliminary prospectus with the Securities and Exchange Commission and the actual public offering of the securities. Bloomberg Financial Dictionary The length of time during which a customer can choose… … Financial and business terms
cooling-off period — UK [ˌkuːlɪŋ ˈɒf ˌpɪərɪəd] / US [ˌkulɪŋ ˈɔf ˌpɪrɪəd] noun [countable] Word forms cooling off period : singular cooling off period plural cooling off periods 1) a pause in an argument, especially one between a company s management and employees,… … English dictionary
cooling-off period — noun (C) 1 a period of time when two people or groups who are arguing about something can go away and think about how to improve the situation 2 a period of time after you have signed some types of sales agreement, when you can change your mind… … Longman dictionary of contemporary English
Cooling-Off Rule — A term referring to law pertaining to newly entered contracts that allows both sides of the party a period of time (after the contract has been signed) to release themselves from any obligations without penalty. Different types of transactions… … Investment dictionary