cooling-off period


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cooling-off period

1. A period of time during a dispute wherein the parties involved do not communicate with one another as a means of reducing hostility and/or reconsidering their positions before taking further action. I think we both need a cooling-off period before one of us says something that we don't mean.
2. The time allowed after a purchase or the signing of a contract in which the buyer/signer may return the product or back out of the agreement without penalty or fee. I'm glad I had that cooling-off period after buying that sports car—there's no way I can actually afford it!
3. The period of time for which waste from nuclear fuel must be allowed to cool in water before being safely reprocessed or sent for permanent storage. If waste is not allowed its full cooling-off period, it could contaminate the environment and poison people.
See also: period
References in periodicals archive ?
We are committed to using the remaining 18 days of the cooling-off period to try and avert a strike.
In place of the cooling-off period, Geren inserted a provision making it a crime for ex-lawmakers, for a period of two years, to misuse "official information" obtained while in office.
The reasoning behind a cooling-off period is that the longer a former legislator is out of office, the fewer former colleagues will be in the statehouse upon his or her return.
has been charged with two counts under Section 19 of the Energy Marketing and Residential Heat Sub-Metering Regulation for enrolling a customer in an energy contract after the consumer asked to cancel it within the cooling-off period.
The issuing of the new guidance by the OC, of which the AOP is a founding member, comes following the introduction of new consumer rights legislation which sees the extension of the cooling-off period for distance and off-premises contracts extended to two weeks.
The cooling-off period has been extended from six months to two years, and Maor would be monetarily compensated.
O'Brien requested that Professional Transit Management - the contractor for the bus service - seek a cooling-off period.
But the deals have much higher charges than other types of borrowing, so this cooling-off period would allow people to escape getting into expensive debt.
The June 12 strike date marks the end of a 30-day cooling-off period, as required by law, after the two sides were released from negotiations by the National Mediation Board.
Closing the fund for a cooling-off period serves two purposes.
If you decide to have the work done or to receive goods within the seven day cooling-off period, you should sign your written agreement to accept.
The earlier legislation gives buyers the right to information in a prospectus before signing a contract, seeks to prevent 'pressure selling' by allowing for a cooling-off period of at least 10 days, and prohibits operators from taking deposits from buyers during the cooling-off period.
The current timeshare purchase 10-day cooling-off period is increased to 14 days, and includes a total ban on advance payments to sellersuntil the 14 days has expired.
The main differences in the Council covered the cooling-off period and communication to consumers, said an EU source.
One of the things they brought in was aseven-day cooling-off period to allow buddingstars the chance to consider their optionsaway from the pressured environment of a casting session.