Waiting period

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For the events leading up to the Six-Day War, see Waiting period (Six-Day War).

A waiting period is the period of time between when an action is requested or mandated and when it occurs.[1]

In the United States, the term is commonly used in reference to

marriage licences.[2]

Waiting periods are also used for new

insurance policies, particularly health insurance,[3] and also flood insurance. Incidents which occur during this time are not claimable.[3]
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 initial public offering (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. In lean thinking, the period when materials or work in process are waiting for the next stage of the manufacturing process is seen as one of the seven wastes (Japanese term: muda) which do not add value to a product.[4]

Other activities potentially subject to waiting periods include

merger
proceedings.

For firearms purchases

A waiting period between purchase and handover of a firearm allows can have several purposes:

The Washington Post points to[6] research collected by the Centers for Disease Control and Prevention[7] and various papers[8][9] expressing a scientific assessment that:

  • There is not enough reliable evidence to conclude whether or not a "cooling-off period" reduces homicides
  • Evidence indicates that waiting periods reduce the suicide rate, and that people who buy firearms are more likely than the general population to commit suicide (presumably because some are buying them for that purpose)

As of 2015, ten U.S. states and equivalents have mandatory waiting periods, from 1 to 14 days: California, the District of Columbia, Hawaii, Illinois, and Rhode Island for all guns; and Florida, Iowa, Maryland, Minnesota, and New Jersey for handguns only.[10] A 2018 suicide prompted the Vermont legislature to pass a waiting period bill, but it was vetoed by governor Phil Scott in June, 2019.[11] For all firearms Massachusetts, Connecticut and Illinois, and for handguns Nebraska, New York, and North Carolina require purchase permits, which may amount to a de facto waiting period if they are not issued immediately.[10][12]

See also

References

  1. ^ Inc., US Legal. "Waiting Period Law and Legal Definition - USLegal, Inc". definitions.uslegal.com. {{cite web}}: |last= has generic name (help)
  2. ^ "Waiting Periods - Law Center to Prevent Gun Violence". smartgunlaws.org.
  3. ^ a b Inc., US Legal. "Waiting Period (Health Care) Law and Legal Definition - USLegal, Inc". definitions.uslegal.com. {{cite web}}: |last= has generic name (help)
  4. ^ EKU Online, The Seven Wastes of Lean Manufacturing, Eastern Kentucky University, accessed 6 March 2023
  5. ^ "Legal Dictionary - Law.com". Law.com Legal Dictionary.
  6. ^ "Opinion | 6 solutions to gun violence that could work". The Washington Post. 2022-06-02. Archived from the original on 2019-03-29.
  7. ^ Centers for Disease Control and Prevention (2003). "First reports evaluating the effectiveness of strategies for preventing violence: early childhood home visitation and firearms laws" (PDF). Findings from the Task Force on Community Preventive Services. 52 (RR-14).
  8. PMID 26270305
    .
  9. PMID 11144620
    .
  10. ^ a b Kennedy Elliott; Robert Gebelhoff (2015-12-09), "Gun policies by state", The Washington Post
  11. ^ "Vermont Governor Vetoes Gun Waiting Period Bill". NPR. Archived from the original on 2023-04-17.
  12. ^ "Handgun Waiting Periods Prevent Hundreds Of Homicides Each Year". Forbes. Archived from the original on 2023-05-07.
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