grace period


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grace period

n.
A period after a due date or deadline during which an obligation may still be fulfilled without penalty or suspension of benefits.

grace′ pe`riod


n.
an allowance of time after a payment of a loan, insurance premium, etc., becomes due before one is subject to penalties or before the loan, policy, etc., is canceled.
References in periodicals archive ?
Japan's grace period makes an exception to novelty for disclosures
Dubai: The Ministry of Labour has called on companies and employers in violation of the law to seize the opportunity to rectify their status and settle all accumulated fines before the six-month grace period is over.
In June 2011, du, etisalat's main competitor, cancelled the 10-day grace period given to customers following non-payment of bills, instead opting for immediate cessation of services if bills are not paid within the due date.
TAIPEI, July 10, 2015 /PRNewswire/ -- GigaMedia Limited (NASDAQ: GIGM), an online games and computing services provider, today announced that it has received a positive determination from the Nasdaq Stock Market on July 9, 2015 granting approval on the Company's request to an additional 180-day grace period.
LANCASTER -- Tickets will start being issued today from red-light cameras at two Lancaster intersections, after the end of a 30-day grace period during which only warnings went out.
125 cafeteria plans to provide for a 2 1/2-month grace period immediately following the end of each plan year, during which employees can use healthcare (or dependent care) FSA balances remaining from the previous year to pay for healthcare (or dependent care) expenses incurred during the grace period.
Finally, a purchaser should try to have his/her attorney negotiate a grace period in the purchase agreement for the purchase of the new apartment.
The grace period will allow Kluwer and its subscription agents to ensure that all orders for online access are properly processed during the busy renewal season.
In the past, renewal candidates have been given a grace period of one year to renew with a validated Documentation of Points Folder, a renewal fee of $50 and an additional late fee of $20, The National Certification Commission (NCC) believes this one-year grace period is too long, and following one guideline for the MTNA Annual Membership Dues Policy and for Certification Renewal will bring uniformity to the MTNA dues and fees processes.
Another debt-management strategy that current students should be aware of is consolidating loans during the six-month grace period after graduation.
Both loans are for a 40-year term, with a 10-year grace period, at an annual interest rate of 1% during the grace period and 2% thereafter.
The waiver will also expire if Sun does not take advantage of a 30-day grace period for the payment of interest on $150 million 9.