Cooling-off period

(redirected from Waiting Periods)
Also found in: Dictionary, Legal.

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.

References in periodicals archive ?
Most were rooted in the bill's 72-hour waiting period for women who say they are being coerced into seeking the procedure.
Waiting periods / Length Several waiting period options
A similar bill was passed in 2000 granting exception to the Medicare waiting period for patients suffering from Lou Gehrig's disease (ALS), a neuromuscular disorder affecting approximately 30,000 people in the United States.
About the only conclusion the task force could draw from the surveys was that mandatory waiting periods reduced gun suicides in people over 55," noted the AP.
Survey results: 93% accepted rollovers--almost all (92%) without a waiting period.
The waiting period is intended to allow the authorities to verify that the buyer is not a felon or otherwise disqualified to own a firearm under federal law.
Using Feuer's ideas, angry or suicidal people would have a waiting period to cool off.
If the applicable waiting periods under the HSR Act have not expired or been terminated at such time, QVC Programming Holdings, Inc.
The advantages are obvious and dramatic, from the elimination of long waiting periods, to being able to provide strong and virtually pain-free non-surgical implant placement that requires no flap.
TCI") announced today that they do not expect that the applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act relating to the acquisition of QVC, Inc.
Pursuant to the terms of the tender offer, International Bancshares has agreed to keep the tender offer open until receipt of all required regulatory approvals and the expiration of applicable waiting periods.
TCI") (Nasdaq-NNM: TCOMA, TCOMB, TCOMP) announced today that they do not expect that the applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act relating to the acquisition of QVC, Inc.