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
This includes in-school periods, post-graduation grace periods, default periods, bankruptcy periods, and any deferment and forbearance periods before the most recent consolidation of a borrower’s federal student loans.
—
Adam S. Minsky, Forbes.com, 15 May 2026
The ordinance will take effect in 30 days and it will be followed by a 60-day grace period before citations and fines can be issued.
—Hannah Elsmore, San Diego Union-Tribune, 14 May 2026
The grace period for the amount due is set to expire on June 15.
—Ted Scouten, CBS News, 8 May 2026
Ohio no longer allows a four-day grace period for mail-in ballots.
—Alex Perry, Cincinnati Enquirer, 5 May 2026
See All Example Sentences for grace period
Examples are automatically compiled from online sources to
show current usage.
Read More
Opinions expressed in the examples do not represent those of Merriam-Webster or its editors.
Send us feedback.
Adam S. Minsky, Forbes.com, 15 May 2026
The ordinance will take effect in 30 days and it will be followed by a 60-day grace period before citations and fines can be issued.
—Hannah Elsmore, San Diego Union-Tribune, 14 May 2026
The grace period for the amount due is set to expire on June 15.
—Ted Scouten, CBS News, 8 May 2026
Ohio no longer allows a four-day grace period for mail-in ballots.
—Alex Perry, Cincinnati Enquirer, 5 May 2026
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 21 May. 2026.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
