free look period
n.— «State laws also have what is called a “free look” period, usually from 10-30 days, during which an annuity can be returned for a full refund with no strings attached.» —“Is An Annuity Right For You? I.I.I. Video and Podcast Can Help You Figure It Out” in New York City PR Newswire Sept. 24, 2009. (source: Double-Tongued Dictionary)
Further reading
A young caller from the Hudson Valley of New York wonders about his grandmother’s use of stemwinder to praise a speech she thought was excellent. In the early 1800s, people used pocket watches that had to be wound with a tiny key. Once someone...
Amid court-ordered busing in the 1970s, a middle-school teacher tried to distract her nervous students on the first day of class with this strange assignment: find a monarch caterpillar. The result? A memorable lesson in the miracle of metamorphosis...