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days of grace

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noun
  1. days, usually three, allowed by law or custom for payment after a bill or note falls due.

Origin of days of grace

1840–50; translation of Latin diēs grātiae
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
British Dictionary definitions for days of grace

days of grace

pl n
  1. days permitted by custom for payment of a promissory note, bill of exchange, etc, after it falls due
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012