| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,762,326,175 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
Cooling-Off Rule |
0.02 sec. |
|
Cooling-Off Rule 1. A rule of the SEC 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 are 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 a waiting period. 2. A clause in many contracts allowing the buyer of a good to return it to the seller in exchange for the amount paid for it for up to three days, without committing breach of contract. The cooling-off rule allows a buyer to restore the status quo before the contract was entered for any reason for a limited period of time. It is also known as buyer's remorse. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| ? Mentioned in |
|---|
| Financial Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|