What is another word for cooling off periods?
Pronunciation: [kˈuːlɪŋ ˈɒf pˈi͡əɹɪədz] (IPA) 
Cooling off periods are a mandatory waiting period before a certain transaction can be finalized. These periods are typically set in place by law to protect consumers from making rushed decisions and to allow them time to carefully weigh their options. Some common synonyms for cooling off periods include waiting periods, reflection periods, and grace periods. Other synonyms include reconsideration periods, trial periods, and cancellation periods. These terms all describe the same concept of allowing time for thoughtful consideration and evaluation before committing to a decision. Cooling off periods are important protections for consumers, and different industries may have their own specific requirements for cooling off periods.
