cooling-off period

(redirected from cooling off period)
Also found in: Dictionary, Legal, Financial, Wikipedia.

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 ?
'During the 'cooling off period', the election campaign posters can also be removed.
The company added that it welcomes the regulation, despite its concern about the so called cooling off period, which could harm channelisation of local customers as well as be deemed as non-compliant with EU Law.
Even I had originally wanted a six-year term before cooling off period but couldn't get consensus," Rai told PTI on what is being seen as the most significant aspect of today's order.
coach, now with the Cricket West Indies board as their High Performance Director) : "You can't have a cooling off period, it's professional sport.
" Yes, even for the post of president, a cooling off period is required," he said.
Those buying music, films and books in digital format can also use the cooling off period for the first time, up until the point any download starts.
If you buy something without face-to-face contact, you will usually have a 'cooling off period' of seven working days.
There will therefore be no requirement to inform the consumer of his or her right to withdraw from the appointment, which is an improvement from the current regulations in the UK where the cooling off period does apply for a private appointment costing more than 35[pounds sterling].
In the final text, there will be a cooling off period of 14 days, in which the buyer may change his/her mind and no partial payment may be demanded.
Contrary to the current one size fits all one-year cooling off period, the findings suggest that investors may value a relatively short cooling off period, with the length of the period dependent in part on the auditor's rank.
When skirmishes followed the referee told the teams to leave the field for a cooling off period but was then subjected to severe verbal abuse.
These rights include a cooling off period where they can cancel their order up to seven days after receipt of the package providing no packaging has been removed from CDs, DVDs, videos and software.
She described her break-up from bouncer Graham Quinn as a "cooling off period" and said the pair had not spoken since the split.
If you sign up abroad you typically have a 10-day cooling off period.
A key for Powell is getting agreement on a timetable that would move the two sides from a ceasefire to the cooling off period and confidence steps.