waiting period

American  

noun

1. a specified delay, required by law, between officially stating an intention and acting on it, as between securing a marriage license and getting married.

2. Insurance. the required delay between the date of inception of a claim and the date on which the indemnity becomes payable, as in workmen's compensation insurance or unemployment insurance.

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Example Sentences

If I do change to transfer-on-death, is there a lookback or waiting period as far as the Internal Revenue Service is concerned?

From MarketWatch

But Catherine says introducing a mandatory waiting period would be pointless as the wait times for a driving test are already so long.

From BBC

The antitrust review waiting period for the Compass and Anywhere merger expired, signaling progress toward combining the two largest U.S. brokerages.

From Barron's

Because of its size, the Compass-Anywhere deal is subject to an antitrust review waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

From Barron's

But expiration of the waiting period without issue signals smooth sailing ahead.

From Barron's