cooling-off period Meaning in the Cambridge English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of “cooling-off period” in the English Dictionary

"cooling-off period" in British English

See all translations

cooling-off periodnoun [C usually singular]

uk   /ˌkuː.lɪŋˈɒfˌpɪə.ri.əd/  us   /-ˈɑːfˌpɪr.i-/
an ​agreedlength 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 ​furtheraction: 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 Learner’s Dictionary & Thesaurus © Cambridge University Press)

"cooling-off period" in Business English

See all translations

cooling-off periodnoun [C]

uk   us  
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 ​exampleemployers and ​employees, can ​try to ​improve the ​situation before taking further ​action such as going on ​strike: By ​law, the ​mediationboard must ​declare a 30-day cooling-off ​period.
(Definition of cooling-off period from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of cooling-off period?
Add Cambridge dictionaries to your browser to your website
Word of the Day

autumnal

typical of autumn

Word of the Day

Introducing a new author and a new weekly blog post!
Introducing a new author and a new weekly blog post!
by Cambridge Dictionaries Online,
August 27, 2015
The English language is constantly changing. You know that. But did you know that at Cambridge Dictionaries Online we keep track of the changes? We continually add new words and new meanings to our online dictionary for learners of English. Some of them are new to English entirely (neologisms), and some

Read More 

parklet noun
parklet noun
August 31, 2015
a public outdoor space that may be associated with a local business but where anyone can sit Pop-up cafes in NY are what’s actually called parklets in many other places around the country.

Read More