free look period

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)

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Further reading

By a Long Shot (episode #1572)

Imagine telling someone how to get to your home, but without using the name of your street, or any other street within ten miles. Could you do it? We take street names for granted, but these words are useful for far more, like applying for a job or...

Cool Beans (episode #1570)

If you speak a second or third language, you may remember the first time you dreamed in that new tongue. But does this milestone mean you’re actually fluent? And a couple’s dispute over the word regret: Say you wish you’d been able...