cooling-off periodnoun [ C usually singular ]
uk/ˌkuː.lɪŋˈɒf ˌpɪə.ri.əd/us/ˌkuː.lɪŋˈɑːf ˌpɪr.i.əd/an agreed length of time in which someone can decide not to buy something they have agreed to buy, or a period in which two groups who are arguing can try to improve the situation before taking further action:
There is a 20-day cooling-off period in which the investor can choose to back out of the contract.
Thesaurus: synonyms and related words
Industrial action
- abstain
- blackleg
- demarcation dispute
- direct action
- down tools idiom
- lightning strike
- lock
- lock sb out
- lockout
- pay claim
- picket
- picket line
- strike
- strike pay
- strikebreaker
- sympathy
- walk
- walk out
- walkout
- wildcat strike
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