The term “Transition period – N” likely refers to a specific phase of time designated for transitioning from one set of regulations, policies, or agreements to another.
The “N” designation may indicate a particular category or classification within the transition period, but without additional context, it’s challenging to provide a precise interpretation.
In a broader sense, a transition period is a temporary period during which changes are implemented gradually, allowing individuals, businesses, or countries to adjust to new rules or circumstances.
The transition period often involves the phasing out of old practices and the adoption of new ones to facilitate a smooth transition.