Cooling-Off Period

Life Style / Time Shares / Cooling-Off Period: 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 ten days.
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Other Words for Period

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