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.

References in periodicals archive ?
Goods, therefore, must be identifiable, moveable, have value and be received by the debtor during the 20 day period prior to bankruptcy in order to be eligible for priority status under Section 503(b)(9).
NCRIC Group is reverting to its original ticker symbol of "NCRI" as a result of the conclusion of the 20 day period.
The Inrena observations are a first preliminary review that by law must be concluded in a 20 day period.
Terms of the acquisition call for Laramide ("LAM") to acquire APR for initial consideration of Cdn $1,000,000 payable in Laramide shares with pricing determined based on the trading price of LAM for the 20 day period beginning June 24, 2002, provided however that the number of LAM shares to be issued as initial consideration (the "Purchase Shares") will not be less than 5.
00 per share, or (ii) the total volume of the shares of surviving corporation common stock during such 20 day period does not equal or exceed 1,500,000 shares.
The Preferred Stock is convertible for a period of three years into shares of VCIX Common Stock at the lesser of a) 110%-120% of the closing bid price on the conversion date and b) 90% of the lowest closing bid price of the Common Stock over a 20 day period prior to the conversion date.
The exchange ratio will depend on the average trading price per share of the SunGard common stock during the 20 day period ending and including the trading days two days before the closing of the merger and is designed to give FDP shareholders $14.
Following the reverse stock split, there will be approximately 6,780,000 shares outstanding, and for a 20 day period beginning on January 8, the Company's Nasdaq symbol will be "SUSCD.
001 per Right at any time prior to the public announcement that a 15 percent or more position has been acquired and, unless there has been a change in control of the Board, during the 20 day period thereafter (subject to possible extension).
00 for a 20 day period, management can convert the preferred stock into common shares at its option.