Waiting period
Encyclopedia
A waiting period is a period of time which one must wait in order for a specific action to occur, after that action is request
ed or mandate
d.
The term is commonly used in reference to gun control
in the United States
, where some U.S. states required a person to wait for a set number of days after buying or reserving a firearm
at a dealer
before actually taking possession of it.
Waiting periods are also used for new insurance
, particularly health insurance
and flood insurance
. Incidents which occur during this time are not claimable. The term may also refer to the time between the making of a claim and the payment of it, also called the elimination period.
In business finance, a waiting period (or quiet period
) is the time in which a company making an IPO must be silent about it, so as not to inflate the value of the stock artificially
. It is also called the cooling-off period.
Other things potentially subject to waiting periods include divorce
and merger proceedings.
Request
Request may refer to:*a question*in computer science, a message sent between objects*in computer science, a request in Hypertext Transfer Protocol*ReQuest Dance Crew, a hip-hop dance crew from New Zealand*Request TV, a defunct pay-per-view service...
ed or mandate
Mandate
Mandate can refer to:*Mandate , an obligation handed down by an inter-governmental body*Mandate , an official or authoritative command; an order or injunction*Mandate , the power granted by an electorate...
d.
The term is commonly used in reference to gun control
Gun control
Gun control is any law, policy, practice, or proposal designed to restrict or limit the possession, production, importation, shipment, sale, and/or use of guns or other firearms by private citizens...
in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
, where some U.S. states required a person to wait for a set number of days after buying or reserving a firearm
Firearm
A firearm is a weapon that launches one, or many, projectile at high velocity through confined burning of a propellant. This subsonic burning process is technically known as deflagration, as opposed to supersonic combustion known as a detonation. In older firearms, the propellant was typically...
at a dealer
Dealer
Dealer may refer to:* Antique dealer, someone who sells Antiques* Art dealer, gallerist, somebody or company that buys and sells art...
before actually taking possession of it.
Waiting periods are also used for new insurance
Insurance
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...
, particularly health insurance
Health insurance
Health insurance is insurance against the risk of incurring medical expenses among individuals. By estimating the overall risk of health care expenses among a targeted group, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to ensure that money is...
and flood insurance
Flood insurance
Flood insurance denotes the specific insurance coverage against property loss from flooding. To determine risk factors for specific properties, insurers will often refer to topographical maps that denote lowlands, floodplains and floodways that are susceptible to flooding.-Hidden floods:Nationwide,...
. Incidents which occur during this time are not claimable. The term may also refer to the time between the making of a claim and the payment of it, also called the elimination period.
In business finance, a waiting period (or quiet period
Quiet period
Quiet period has "historically [meant], a quiet period of time extended from the time a company files a registration statement with the SEC until SEC staff declared the registration statement effective...
) is the time in which a company making an IPO must be silent about it, so as not to inflate the value of the stock artificially
Watered stock
Watered stock is an asset with an artificially-inflated value. The term is most commonly used to refer to a form of securities fraud common under older corporate laws that placed a heavy emphasis upon the par value of stock.- Origin of term :...
. It is also called the cooling-off period.
Other things potentially subject to waiting periods include divorce
Divorce
Divorce is the final termination of a marital union, canceling the legal duties and responsibilities of marriage and dissolving the bonds of matrimony between the parties...
and merger proceedings.
See also
- Waiting period (Six-Day War)Waiting period (Six-Day War)The waiting period was a 3-week interval in the history of the State of Israel, May 15 - June 5, 1967, between the Egyptian crossing of the Suez Canal into the Sinai Peninsula and the outbreak of the Six-Day War.-Early military moves:...
- Queue (disambiguation)Queue (disambiguation)Queue may refer to:In society:*Queue area, where a line of people wait. The line of people is the queue.*Queue , a Chinese pigtail , is also known as a queueIn mathematics:*Queueing theory, the study of waiting lines...