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
You’re entitled to a refund during this grace period.
—
Howard Cohen, Miami Herald, 25 Dec. 2025
But, despite having reservations, DeWine on Friday signed legislation eliminating Ohio's four-day grace period for absentee ballots and making other voting changes.
—CBS News, 23 Dec. 2025
Some retailers entice consumers to sign up by offering an interest-free grace period — with a big catch.
—Ryan Ermey, CNBC, 2 Dec. 2025
Frederic’s grace period expires in March 2026.
—Nate Gartrell, Mercury News, 24 Nov. 2025
See All Example Sentences for grace period
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Howard Cohen, Miami Herald, 25 Dec. 2025
But, despite having reservations, DeWine on Friday signed legislation eliminating Ohio's four-day grace period for absentee ballots and making other voting changes.
—CBS News, 23 Dec. 2025
Some retailers entice consumers to sign up by offering an interest-free grace period — with a big catch.
—Ryan Ermey, CNBC, 2 Dec. 2025
Frederic’s grace period expires in March 2026.
—Nate Gartrell, Mercury News, 24 Nov. 2025
See All Example Sentences for grace period
Cite this Entry
“Grace period.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/grace%20period. Accessed 31 Dec. 2025.
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