grace period

American  

noun

• grace periods
  plural

1. a period of time after a payment becomes due, as of a loan or life-insurance premium, before one is subject to penalties or late charges or before the loan or policy is canceled.

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Other Word Forms

Noun Inflected Forms

• grace periods
  plural

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Example Sentences

See Examples For:

grace period

Separately, the bill gave a three-year grace period for crypto exchanges to phase out noncompliant assets.

From The Wall Street Journal ● Oct. 15, 2026

The grace period could be adjusted depending on the "success or failure" of those efforts, the department added.

From Barron's ● Oct. 9, 2026

It emerged that a total of 21 animals had been removed during the grace period, but 51 remained on the farm.

From BBC ● Aug. 14, 2026

Voters who want to vote by mail should not depend too much on the seven-day grace period, Alexander said.

From Los Angeles Times ● Jul. 27, 2026

But I needed time, and quiet, and a few weeks’ grace period in the States if I was to do anything of the sort.

From "The Secret History" by Donna Tartt

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