cooling off period

Cooling-Off Period

An SEC rule mandating that several days transpire between the filing of a new issue's prospectus and the actual offering of the issue. This allows potential buyers and the seller to have a final chance to investigate the new issue and attempt to determine if there will be any previously unforeseen problems. The cooling off period is usually 20 days, but the SEC may change that for individual offerings at its discretion. It is also called the waiting period.

cooling off period

A time period within which a person may change his or her mind about a contractual agreement and cancel it without penalty.The right must be granted within the contract itself or by virtue of consumer protection statutes because it does not exist at common law.

单词	cooling off period
释义	cooling off period cooling off period A period of time in which a party to a contract may decide not to continue with the contract, usually without penalty. IdiomsSeecooling-off period cooling off period Cooling-Off Period An SEC rule mandating that several days transpire between the filing of a new issue's prospectus and the actual offering of the issue. This allows potential buyers and the seller to have a final chance to investigate the new issue and attempt to determine if there will be any previously unforeseen problems. The cooling off period is usually 20 days, but the SEC may change that for individual offerings at its discretion. It is also called the waiting period. cooling off period A time period within which a person may change his or her mind about a contractual agreement and cancel it without penalty.The right must be granted within the contract itself or by virtue of consumer protection statutes because it does not exist at common law.
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