grace period

From Wiktionary, the free dictionary
Jump to navigation Jump to search

English[edit]

Pronunciation[edit]

  • (file)

Noun[edit]

grace period (plural grace periods)

  1. A length of time during which rules or penalties are waived or deferred.
    The fees begin to accrue after a one-month grace period.
    • 1951, State Farm Life Insurance Company, Life Agents Handbook, page 62:
      (Of course, if an insured dies during the grace period, the unpaid annual premium or instalment thereof is past due and therefore is deducted from the death benefit.)

Translations[edit]