Advertisement - Continue reading below

Definition of "cooling-off period" []

  • A length of time in which the two sides to a purchase agreement, or contract can think things over and cancel with no penalty. This period is often stipulated by national law. In the UK it is currently (2008) 14 days. In many countries it is 10 days. (noun) : Text is available under the Creative Commons Attribution-ShareAlike License

Use "cooling-off period" in a sentence
  • "Neither she nor Reacher knew the exact details relevant to California, but they both assumed there would be registration and an ID requirement and maybe some kind of cooling-off period involved."