Our boat's name is a metaphor for taking time "out at sea" and the album name for the jazz record by Dave Brubeck, "Take Five" (our previous boat's name). But in the case of a mediation, there are many compelling reasons to call a "time out" rather than an end to a mediation hearing. A "time out" assumes it is temporary, as contrasted to a "time in". Negotiations may be resumed at a time when they are likely to be more fruitful. Like sailing, it also suggests that at least one, but often both sides need to take a little perspective before proceeding and closing the deal.
The post script is that one of the cases has rescheduled for another full day of hearings after negotiating an acceptable bracket within which to begin and resume negotiations. The other is parlaying offers and counter-offers by telephone, now fully appreciating that there is limited time to continue negotiations before they will have to start over with new decision-makers in the board room.
In what ways do you communicate a willingness to continue negotiation when you hit what would otherwise appear to be an impasse?