Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “cooling-off period”

cooling-off period

noun [C]    
COMMERCE a period of time during which you can change your mind about an agreement that you have made or something that you have decided to buy : Once you have bought an annuity , you cannot change your mind after the 14-day cooling-off period .
HR, WORKPLACE a period of time in which two groups who are arguing , for example employers and employees , can try to improve the situation before taking further action such as going on strike : By law , the mediation board must declare a 30-day cooling-off period .
(Definition of cooling-off period noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of cooling-off period

Definitions of “cooling-off period” in other dictionaries

Translations of “cooling-off period”

Word of the Day

grand prix

one of a series of important international races for very fast and powerful cars

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More