cooling-off period Meaning in Cambridge English Dictionary
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Meaning of "cooling-off period" - English Dictionary

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cooling-off periodnoun [C usually singular]

uk   /ˌkuː.lɪŋˈɒfˌpɪə.ri.əd/  us   /-ˈɑːfˌpɪr.i-/
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.
(Definition of cooling-off period from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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