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Definition cooling-off period in British English

cooling-off period noun

[countable] noun
/ˌkuːlɪŋ ˈɒf ˌpɪəriəd/
1

a pause in an argument, especially one between a company's management and employees, that gives people time to think calmly about how to reach an agreement

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2

a period of time in which you are allowed to change your mind about a contract or agreement that you have signed

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Definition cooling-off period in British English