Simple Definition of grace period

from our Learner's Dictionary

grace period

noun

plural grace periods

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

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

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“Grace period.” Merriam-Webster.com Simple Definition, Merriam-Webster, https://www.merriam-webster.com/simple/grace%20period. Accessed 21 Jun. 2026.

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Simple Definition of grace period

grace period

noun

Cite this Entry

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