grace period


: an amount of extra time that someone is given to pay a bill, finish a project, etc.

Full Definition of GRACE PERIOD

:  a period of time beyond a due date during which a financial obligation may be met without penalty or cancellation

Examples of GRACE PERIOD

  1. The terms of the loan allow for a ten-day grace period.

First Known Use of GRACE PERIOD



Next Word in the Dictionary: Grace's warblerPrevious Word in the Dictionary: grace noteAll Words Near: grace period
July 27, 2015
yaw Hear it
to move off course or to alternate
Take a 3-minute break and test your skills!
How to use a word that (literally) drives some people nuts.
Test your vocab with our fun, fast game
Ailurophobia, and 9 other unusual fears