Cooling-off period

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Cooling-off period

The period of time between the filing of a preliminary prospectus with the Securities and Exchange Commission and the actual public offering of the securities.

Cooling-Off Period

An SEC rule mandating that several days transpire between the filing of a new issue's prospectus and the actual offering of the issue. This allows potential buyers and the seller to have a final chance to investigate the new issue and attempt to determine if there will be any previously unforeseen problems. The cooling off period is usually 20 days, but the SEC may change that for individual offerings at its discretion. It is also called the waiting period.

cooling-off period

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.

Cooling-off period.

In the financial industry, a cooling-off period applies when a new issue is being brought to market. During this time, also known as the quiet period, investment bankers and underwriters aren't permitted to discuss the issue with the public.

In the consumer world, during a cooling-off period, you can cancel your obligation to purchase a product or take a loan without penalty if you change your mind.

Different kinds of transactions are governed by different cooling-off rules. For example, one federal rule allows you to cancel home improvement loans and second mortgages within three days of signing.

Another gives you three days to return purchases you make at places other than a merchant's usual place of business, such as at a trade show.

The law governing your cooling-off rights, sometimes known as buyers' remorse rules, is included in the fine print on any agreement you sign.

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If you have an offer of employment and are required only to undertake the 20-day period of protected learning, you may qualify for the issue of a work permit.
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The appeals court held that guards' failure to dispense the detainee's medication for a middle ear infection consistently on schedule did not manifest any conscious disregard for the detainee's health of the kind needed to support a Fourteenth Amendment claim, where guards administered medication of various forms to the detainee 162 times over a 20-day period and were not shown to have any knowledge that serious medical consequences might result from occasionally missing the prescribed dosage.
96, depending upon variations in HBOC's average stock price for a 20-day period.
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