waiting period

waiting period definition - legal

n

The amount of time that must pass before a right is given, as, for example, registration of a handgun, or grant of a marriage license; in insurance policies, the period of time during which a policyholder must wait before starting to collect benefits, e.g., as with a 90 day wait after disability commences before disability benefits will start to be paid by the insurance company.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.