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
- An article providing for a one-year grace period was not debated in the pell-mell final day of the legislative session.
- In a related discussion on Slashdot, solprovider points out that ICANN's new policy may also put an end to what Network Solutions describes as "domain kiting," where several (possibly related) companies keep passing domain registrations from one to the next by taking advantage of the free grace period, effectively preventing the domains from ever being available to the public. Is Domain Name Front Running About To Come To An End? - The Consumerist
- Loan terms incorporate details on grace periods, repayment and prepayment.
- One reason, international carriers say, is they offer frequent-flier perks typically not found with U.S. airlines, such as easier access to lounges and longer grace periods for elite-status qualification. Why 'Free' Tickets Cost So Much
- Private loans are generally "unsubsidized" which means, once you begin repaying the loan, you will owe any interest that accrued while you were in school, and any that accrues during the grace period or deferment. Consumer Action
- The payment had originally been due on April 1 but the Toronto-based company had a grace period which expired on Thursday.
- South African farmers will now have a five year grace period to find replacement products for methyl bromide, which is presently used for soil fumigation in nurseries, flower and vegetable production, replanting of apple and other orchards and tobacco seedbeds. ANC Daily News Briefing
- Loan terms incorporate details on grace periods, repayment and prepayment.
- But officials are hoping that the yearlong grace period tacked on last year will mean no last-minute crush this year.
- With subsidized loans, the federal government pays the interest on a loan while the student is in school, during the grace period after graduation or if the loan is in deferment, which is when borrowers are temporarily allowed to stop making payments. New Rules for Loans
