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grace period
n.
1. A period in which a debt may be paid without accruing further interest or penalty.2. A period in which an insurance policy is effective even though the premium is past due.
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Universalium. 2010.
graceperiod
Look at other dictionaries:
Grace period — A grace period is a period of time past the deadline for fulfilling an obligation during which a penalty that would be imposed for being late is waived. Grace periods, which can range from a number of minutes to a number of days or longer,… … Wikipedia
