grace period

a period of time after a payment becomes due, as of a loan or life-insurance premium, before one is subject to penalties or late charges or before the loan or policy is canceled. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To grace period
Previous Definition: grace patricia kelly
Next Definition: grace, means of
Words Near: grace period
More from
Synonyms and Antonyms for grace period
More from
Search for articles containing grace period
More from Translator Word FAQs presents 366 FAQs, incorporating some of the frequently asked questions from the past with newer queries.

Example sentences
Amazingly, no interest is charged during the grace period.
They already get a six-month grace period after that.
If they can't afford the repair, he hangs on to the motors for a three-month
  grace period.
Maybe there would be a grace period for allowing them to get their license if
  they'd never applied.
Copyright © 2014, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature