Definition of cooling-off period noun from the Oxford Advanced Learner's Dictionary


    cooling-off period

    ; NAmE
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  1. 1a period of time during which two sides in a disagreement try to reach an agreement before taking further action, for example by going on strike
  2. 2a period of time after somebody has agreed to buy something, such as an insurance plan, during which they can change their mind Customers signing new life policies will have a longer cooling-off period of 14 days.
See the Oxford Advanced American Dictionary entry: cooling-off period