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Definition of Cooling-off period
1. Noun. 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. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Cooling-off Period
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