cooling-off period

cooling-off period

English

Noun

cooling-off period (plural cooling-off periods)

1. A length of time in which the two sides to a purchase agreement, or contract can think things over and cancel with no penalty. This period is often stipulated by national law. In the UK it is currently (2008) 14 days. In many countries it is 10 days.

Translations

time to think things over

Chinese: Mandarin: 冷靜期／冷静期 (lěngjìngqī) Dutch: afkoelingsperiode (nl) f, bedenktijd (nl) m Finnish: katumusaika, peruutusaika German: Widerrufsfrist f Romanian: perioadă de reflecție f

See also

• buyer's remorse