cooling-off period - definition in the Business English Dictionary - Cambridge Dictionaries Online (US)

Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “cooling-off period”

See all translations

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 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

Definitions of “cooling-off period” in other dictionaries

Word of the Day

extra time

a period of time in a sports game in which play continues if neither team has won in the usual time allowed for the game

Word of the Day

She’s got very good posture. (How we stand and sit)

by Liz Walter,
May 27, 2015
Recently on this blog, we looked at the words that we use to describe the way we move. This week we’re looking at words for describing our bodies when they are still, whether we are standing or sitting. Since most of us do far too much of this, let’s start with sitting.

Read More 

ancestral health noun

May 25, 2015
diet based on the presumed diet of our Palaeolithic ancestors ‘Ancestral health,’ to use a term popular among Paleo followers, has gone mass.

Read More