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waiting period

noun
1.
a specified delay, required by law, between officially stating an intention and acting on it, as between securing a marriage license and getting married.
2.
Insurance. the required delay between the date of inception of a claim and the date on which the indemnity becomes payable, as in workmen's compensation insurance or unemployment insurance.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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