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Topical Terminology > Cooling Off Period



4 Definitions

Cooling Off Period

For Cooling Off Period we have terms and definitions in 4 topics. The topics are Auto Insurance, Car Insurance, Frauds and Scams and Timeshare.



Cooling Off Period (Auto Insurance)

A period during which a customer, who has entered into a contract, may cancel it without incurring a penalty.


Cooling Off Period (Car Insurance)

A period during which a customer, who has entered into a contract, may cancel it without incurring a penalty.


Cooling Off Period (Frauds and Scams)

The period after a company's prospectus has been filed with the Securities and Exchange Commission and before offering is made to the public.


Cooling Off Period (Timeshare)

The time given to a purchaser following signing of a purchase agreement, during which they may cancel without penalty. In the UK the cooling off period is 14 days, elsewhere in Europe it is 10 days, in Mexico it is 5 days. In the USA the period varies from state to state. See Rescission




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