Words / C / Business

cooling-off period

noun

B1CEFR level
40/100Rarity: uncommon
TechnicalRegister

A mandated interval before a former insider may take a role that would raise conflict concerns.

A two-year cooling-off period keeps the retiring partner off the audit until independence is restored.

Topic: Corporate governance in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Corporate governance