a period arranged by agreement to allow for negotiation and an abatement of tension between disputing parties: The law calls for a cooling-off period before a strike can begin.
The required waiting period between the time a firm files a registration statement for a new security issue with the SEC and the time the securities actually can be issued. The cooling-off period is usually 20 days, although the SEC may alter it for individual issues. Also called twenty-day period, waiting period. See also effective date.
Main Entry: cool·ing–off pe·ri·od Function: noun : a period of time (as after a sale or a call to strike) to allow further consideration or negotiation —see also Labor Management Relations Act in the IMPORTANT LAWS section
