COOLING-OFF RULE
\kˈuːlɪŋˈɒf ɹˈuːl], \kˈuːlɪŋˈɒf ɹˈuːl], \k_ˈuː_l_ɪ_ŋ_ˈɒ_f ɹ_ˈuː_l]\
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A rule that allows you to cancel a contract within a specified time period (typically three days) after signing it. Federal cooling-off rules apply this three-day grace period to sales made door-to-door and anywhere other than a seller's normal place of business, such as at a trade show. Another federal cooling-off rule lets you cancel a home improvement loan or second mortgage within three days of signing. Various states have cooling-off rules that sometimes apply even longer cancellation periods to specific types of sales, such as dancing lessons and timeshares.
By Oddity Software
Word of the day
Dopamine Acetyltransferase
- An enzyme that catalyzes the of groups from acetyl-CoA to arylamines. They have wide specificity for aromatic amines, particularly serotonin, and can also catalyze acetyl transfer between arylamines without CoA. EC 2.3.1.5.
Nearby Words
- coolie-itch
- coolies
- cooling
- cooling system
- cooling tower
- cooling-off rule
- coolish
- coolly
- coolness
- coolung
- coolwart