a period of time during which two sides that disagree try to reach an agreement before taking further action, for example by going on strike（争执双方试图达成协议的）冷却期，冷静期Topics Discussion and agreementc2
a period of time after somebody has agreed to buy something, such as an insurance plan, during which they can change their mind（在同意购买某物如保险计划后可改变主意的）可变更期，等待期
Customers signing new life policies will have a longer cooling-off period of 14 days.签署新的人寿保单的客户将有14天的较长冷静期。
The customer has the right to cancel the contract during the seven-day cooling-off period.客户在为期七天的冷静期内有权取消合同。