Grace Period Definition

noun
Extra time allowed, as for payment of a note, insurance premium, etc. after it is due.
Webster's New World
A period after a due date or deadline during which an obligation may still be fulfilled without penalty or suspension of benefits.
American Heritage

(idiomatic) A length of time during which rules or penalties do not take effect or are withheld.

The fees begin to accrue after a one-month grace period.
Wiktionary

Other Word Forms of Grace Period

Noun

Singular:
grace period
Plural:
grace periods

Grace Period Sentence Examples

  • This grace period is usually 30 days, but verify with the store.

  • You should always keep this in mind when thinking about skipping a payment or paying a bill past the grace period.

  • In this case, make sure you have a grace period of a day or two after the receipt of the bike to test it out.

  • You want to know what the current interest rate is, do you have a grace period to pay balance, when is payment due, and what happens if someone steals your card.

  • Is there a grace period on the interest for the balance transfer, or does interest start accruing the same day the balance transfer is initiated?

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Words Starting With

GGRGRA

Words Ending With

DODIOD

Unscrambles

grace period

Words Starting With G and Ending With D

Starts With G & Ends With DStarts With GR & Ends With DStarts With G & Ends With OD

Word Length

12 Letter Words12 Letter Words Starting With G12 Letter Words Ending With D