Grace Period Meaning Mar 12 2025 nbsp 0183 32 The meaning of GRACE PERIOD is a period of time beyond a due date during which a financial obligation may be met without penalty or cancellation How to use grace
A grace period is a period immediately after the deadline for an obligation during which a late fee or other action that would have been taken as a result of failing to meet the deadline is waived Law finance a period of time allowed before something has to be finished or before a debt or Click for English pronunciations examples sentences video
Grace Period Meaning
Grace Period Meaning
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Grace period is extra days given after the due date to undertake an unfulfilled obligation without penalties They are a common instance in the financial world and are usually offered to clients A grace period is a specific amount of time after a deadline during which you can still complete an action without facing penalties For example if you miss a payment due date a grace period
History and Meaning of Grace Period A grace period is a concept commonly used in contract law to refer to an additional period of time provided to the party obligated to perform certain GRACE PERIOD meaning an amount of extra time that someone is given to pay a bill finish a project etc
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Grace Period definition A period after a due date or deadline during which an obligation may still be fulfilled without penalty or suspension of benefits Define grace period grace period synonyms grace period pronunciation grace period translation English dictionary definition of grace period n A period after a due date or deadline during
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