The period after a company's prospectus has been filed with the SEC and before the IPO, during which the company's relations with investors are greatly restricted. Usually lasts 20 days. also called waiting 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.
This period starts from the day on which you buy the investment. The investor is given a few days' time (such as 15 days) during which he/she can consider his investment again. Before the lapse of this period, the investor can, if he so wishes, withdraw from the transaction without incurring any extra charges.
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This clause is included in an offer to purchase a property under R250 000. It is based on a new law allowing first time home buyers the opportunity to change their minds within five days of signing the offer.
A number of days, typically 10 or 14, during which you can change your mind about an investment and get your money back without penalty.
While a "cooling-off" period sometimes applies to the sale of products, allowing you to return a product and get your money back, no such cooling off period exists in car sales. Once you sign a contract to buy a car, the car is yours.
A period during which purchasers of a good or service have the opportunity of deciding not to proceed with a transaction. If this occurs then any money paid out for the transaction should be refunded.
Also know as rescission, this term refers to the time period following the purchase of a timeshare property during which a buyer may cancel the agreement without incurring penalties. In the United States, this time differs depending on each state but is generally 3 business days. In Mexico it is five days. In the UK, the cooling-off period is 14 days.
The amount of time either the buyer or seller has to change their minds in a private sale. This doesn’t apply if you buy or sell at auction.
A period of time that is required to pass between the signing and the full coming into force of a contract. In particular, it applies to the time between the filing of a prospectus for a new issue of securities in the United States and the offering of those securities to the public. Cooling-off periods are designed to protect consumers from over-zealous sales techniques.
The time period in a new stock issue beginning with the filing of the registration statement and ending on the effective date. Under federal regulation, it must be a minimum of twenty days. During the cooling-off period, the issuing corporation and underwriters will prepare a preliminary prospectus, Blue Sky the issue, hold a due diligence meeting, and prepare the final prospectus.
The period, usually 20 days, between the filing of the registration statement on a new issue with the SEC and the effective date of the offering.
Regulated state by state and country by country. Also know as rescission, this is the time period following the purchase of a timeshare property during which the buyer may cancel the agreement without incurring penalties. For example, if the cooling-off period is 10 days, then you have 10 days from the date you purchase a timeshare to cancel the purchase and get a full refund. This law helps an impulsive purchase.
FASA stipulates that a minimum period of two weeks must elapse between the day a prospective franchisee receives the disclosure document and the day he or she signs the agreement and/or makes any payments to the franchisor.
a provision in a contract that, if the terms of the clause are met, allows the buyer to rescind or cancel the contract, usually after signing, without any penalties (page 163).
See Twenty Day (Cooling-Off) Period.
A three-day right of rescission for certain loan transaction.
A period of time, provided by law or by contract, during which a party to a contract can back out of a contract legally.
the time allowed to change your mind about a purchase
The legal entitlement of a property purchaser to withdraw from a contract by giving written notice within three clear business days after the Contract of Sale or Contract Note is signed. However, there are some circumstances where the cooling-off period does not apply: 1. The price of the property including chattels exceeds $250,000. 2. The property is purchased at an auction or within three clear business days of a publicly advertised auction. 3. The purchaser receives independent legal advice prior to the purchase of the property. 4. The purchaser is a real estate agent or corporate body. 5. The purchaser has previously signed a similar contract for the same property. 6. the property is use mainly for industrial or commercial purposes. 7. The property area exceeds 20 hectares and is used mainly for farming. The vendor is entitled to retain $100 or 0.2 per cent of the purchase price, whichever is the greater.
The 1947 Taft-Hartley Act mandated an eighty-day "cooling off" period when the president sought an injunction to stop a strike that threatened national security. During the period, investigations and recommendations could be made to resolve the labor dispute.
The period after a company's prospectus has been filed with the Securities and Exchange Commission and before offering is made to the public.
The cooling-off period is the interval of time, typically a minimum of 20 days, between the filing of a company's registration statement with the Securities and Exchange Commission (SEC) and the offer of the company's securities to the public.