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Cooling Off

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

  1. Glossary

    Glossary Active Member

    Joined:
    12th Sep, 2006
    Posts:
    25
    Definition:

    To "Cool Off" is to change your mind about a purchase, usually real estate. A Cooling Off Period is usually negotiated as part of a property sale, and it gives the purchaser the right to change their mind (Cool Off) during that period, with little or no penalty.

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