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 ?
EV Energy Partners announced that it received a notice from the NASDAQ Stock Market granting an additional 180-day grace period to regain compliance with NASDAQ's minimum bid price requirement.
Buyers who have paid the at least two years of installments are entitled to pay, without additional interest, the unpaid installments due within the total grace period earned by him, which option may only be exercised once every five years of the life of the contract and its extensions.
Nuverra" or the "Company") announced today that it has elected to exercise its grace period and defer making approximately $2.
Under many credit agreements, lenders can call all their debt due after the end of the grace period, potentially pushing the companies into bankruptcy.
THE Construction Industry Training Board (CITB) announced last month that there will no longer be a grace period of six months for the Site Safety Plus Scheme.
Etisalat will cut service to customers after a 15-day grace period following their bill's due date.
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.
The Ministry of Labor has said in clear terms that no more grace period would be granted to violators of residency and labor law regulations.
For retail customers who have lost their jobs or are dealing with health problems or a loss of income the bank is extending the time for loan repayment by up to 15 years, or up until the borrower's 70th birthday, with a grace period of up to two years and a reduced interest rate.
Unemployed individuals with housing loans and homes that do not exceed e1/4250,000 can apply for a grace period of 15 months, until the start of 2016, the lender said.
Even though an employer might want to provide both a grace period and a carryover, a health FSA cannot have both a carryover and a grace period.
1 ( ANI ): Saudi Arabia has denied reports that the grace period for foreigners staying illegally in the kingdom to regularize their situation will be extended.