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 ?
This grace period is the time that you have to pay off your credit card without getting charged.
If you do not renew your license prior to the expiration date, you will have a 60-day grace period before your license will be deemed expired.
Pursuant to the Nasdaq Listing Rule 5810, the applicable grace period to regain compliance is 180 days, or until January 13, 2020.
My visa will expire in a few days and, after that, I will be on the visa grace period. Am I allowed to look for a job during this period?
Dr Lee who is also Gopeng MP, said after the government announced another six-month grace period before the smoking ban is enforced, smokers began lighting up again at public eateries.
Rumors are flying about the FAA eliminating the six-month grace period an instrument pilot may utilize with a safety pilot to get their six approaches.
Summary: Grace period being offered to mark 'Year of Tolerance', says senior police official
A 10 minute 'grace period' is definitely used inSunderland,Newcastle andSouth Tyneside, officials have revealed.
The loan will be granted for a period of 32 years, including 8 years of the grace period with an interest rate of 1% per annum and 1.5% per annum after the end of the grace period.
The report also included kindergartners provisionally enrolled (attending school without complete vaccination or exemption while following a catch-up vaccination schedule) or in a grace period (permitted to attend school for a set period of time without evidence of vaccination or exemption) for 28 states.
Grace Period registration, voting available in Cook County