grace period
noun
: a period of time beyond a due date during which a financial obligation may be met without penalty or cancellation
Examples of grace period in a Sentence
The terms of the loan allow for a ten-day grace period.
Recent Examples on the Web
When the grace period ended, these zombies were in even worse financial shape.
—
Robert Gorin, WWD, 30 Oct. 2024
Nevada law requires that all absentee ballots be mailed by Election Day, with a four-day grace period to allow for postal delays.
—Kaelan Deese, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 28 Oct. 2024
Mississippi may not be one of the toss up or decisive states, but if you got rid of these grace periods, several of the largest states, California, New York, Texas, all have these grace periods.
—Taylor Wilson, USA TODAY, 14 Oct. 2024
What else is going on The grace period for student loan payments is over.
—Los Angeles Times Staff, Los Angeles Times, 7 Oct. 2024
See all Example Sentences for grace period 
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Robert Gorin, WWD, 30 Oct. 2024
Nevada law requires that all absentee ballots be mailed by Election Day, with a four-day grace period to allow for postal delays.
—Kaelan Deese, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 28 Oct. 2024
Mississippi may not be one of the toss up or decisive states, but if you got rid of these grace periods, several of the largest states, California, New York, Texas, all have these grace periods.
—Taylor Wilson, USA TODAY, 14 Oct. 2024
What else is going on The grace period for student loan payments is over.
—Los Angeles Times Staff, Los Angeles Times, 7 Oct. 2024
See all Example Sentences for grace period
Dictionary Entries Near grace period
Cite this Entry
“Grace period.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/grace%20period. Accessed 23 Nov. 2024.
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