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Cooling Off Period

Discussion in 'Investing Glossary' started by Glossary, 27th Sep, 2006.

  1. Glossary

    Glossary Active Member

    Joined:
    12th Sep, 2006
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    25
    Definition:

    The cooling off period refers to the period during which the purchaser may withdraw from the purchase, after exchange of sale contracts of a property. The cooling off period can vary from state to state, but is usually between 5-10 days, and can be negotiated between both seller and purchaser.

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