NOUN
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a period of time past the deadline for fulfilling an obligation during which a penalty that would be imposed for being late is waived, especially an extended period granted as a special favor
The payment had originally been due on April 1 but we had a grace period which expired in June.
How To Use grace period In A Sentence
- The loan is repayable over 14 years with a four-year grace period and fixed annual interest of 1.49 per cent.
- It is like a roué making a renewed vow of total, absolute, unconditional marital fidelity but asking for a 10 year grace period for the transition to it.
- Repayment was to be over 10 years, with a six-year grace period.
- Is there a grace period for late payment?
- The loans are extended for up to 12 years with three-year grace period and are available for almost all sectors of the economy.
- Registry will provide 30 days grace period for domain name renewal.
- The term of the loan is ten years, with a two-year grace period starting from the date of utilisation of each tranche.
- The payment had originally been due on April 1 but we had a grace period which expired in June.
- The term is used to describe grace periods that often go into effect when new geographic area codes are set up.
- I have a six-month grace period before I have to begin paying back my student loans.
