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
For example, Electrify America charges 40 cents per minute after a 10-minute grace period, Tesla charges 50 cents per minute for idling, and $1 per minute during peak usage times.
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Mark Maynard, San Diego Union-Tribune, 22 July 2025
Reacting to Trump’s new pledges of military aid for Ukraine, European Union foreign policy chief Kaja Kallas, welcomed his firmer tone toward Russia, but not the 50-day grace period.
—Katya Soldak, Forbes.com, 15 July 2025
Saturn goes retrograde today, giving you a grace period to adjust.
—Usa Today, USA Today, 13 July 2025
After a one-month grace period, exceeding that threshold incurs a surcharge of $10 for each extra 50GB, up to $100 a month.
—Rob Pegoraro, PC Magazine, 26 June 2025
See All Example Sentences for grace period
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Mark Maynard, San Diego Union-Tribune, 22 July 2025
Reacting to Trump’s new pledges of military aid for Ukraine, European Union foreign policy chief Kaja Kallas, welcomed his firmer tone toward Russia, but not the 50-day grace period.
—Katya Soldak, Forbes.com, 15 July 2025
Saturn goes retrograde today, giving you a grace period to adjust.
—Usa Today, USA Today, 13 July 2025
After a one-month grace period, exceeding that threshold incurs a surcharge of $10 for each extra 50GB, up to $100 a month.
—Rob Pegoraro, PC Magazine, 26 June 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 6 Aug. 2025.
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