cooling-off period
/ˌkuːlɪŋˈɒf ˌpiːrɪəd
/noun
1An interval during which two sides in a disagreement can try to settle their differences before taking further action: a cooling-off period before industrial action can be taken...
- They have applied to have their names taken off the wedding register, and have been given a three-month cooling-off period to try and work things out before their revocation of vows becomes effective.
- A cooling-off period is good in a dispute like this, which is unclear, and one of the things I think we're seeing is how increasingly bitter it is getting.
- This was granted, one assumes, in return for agreeing to keep the proceedings confidential for a suitable cooling-off period.
1.1A period of time after a sale contract is agreed during which the buyer can cancel the contract without incurring a penalty: the policy has a two week cooling-off period...
- Similarly, if a trader's visit is unsolicited and an agreement is signed at your home then there is a cooling-off period in which to cancel.
- The cooling-off period allows you to change your mind and cancel the contract without any reason.
- But within the five-day cooling-off period Robyn did some research and found similar properties were selling for $175,000.