grace period
English
Pronunciation
Audio (AU) (file)
Noun
grace period (plural grace periods)
- A length of time during which rules or penalties are waived or deferred.
- The fees begin to accrue after a one-month grace period.
- 1951, State Farm Life Insurance Company, Life Agents Handbook, page 62:
- (Of course, if an insured dies during the grace period, the unpaid annual premium or instalment thereof is past due and therefore is deducted from the death benefit.)
Translations
a length of time during which rules or penalties are waived or deferred
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