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
Companies with Nasdaq listing applications pending as of March 12, 2025, had a 30-day grace period to price their offerings under the old standards.
—
Joseph Lucosky, Forbes.com, 25 Apr. 2025
The move by President Donald Trump's administration follows the expiration of payment pauses and grace periods that began in 2020 under the Biden administration and lasted through late 2024.
—Josh Hammer, MSNBC Newsweek, 22 Apr. 2025
The previous generation lasted for 10.5 days, including the same 12-hour grace period.
—Annika Kim Constantino,ashley Capoot,bertha Coombs, CNBC, 16 Apr. 2025
The state law, Assembly Bill 413, was passed in 2023 and took effect Jan. 1 this year, though motorists initially were given a 60-day grace period to adapt.
—Noah Lyons, San Diego Union-Tribune, 9 Mar. 2025
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Joseph Lucosky, Forbes.com, 25 Apr. 2025
The move by President Donald Trump's administration follows the expiration of payment pauses and grace periods that began in 2020 under the Biden administration and lasted through late 2024.
—Josh Hammer, MSNBC Newsweek, 22 Apr. 2025
The previous generation lasted for 10.5 days, including the same 12-hour grace period.
—Annika Kim Constantino,ashley Capoot,bertha Coombs, CNBC, 16 Apr. 2025
The state law, Assembly Bill 413, was passed in 2023 and took effect Jan. 1 this year, though motorists initially were given a 60-day grace period to adapt.
—Noah Lyons, San Diego Union-Tribune, 9 Mar. 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 2 May. 2025.
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