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

Example Sentences

See Examples For:

grace period

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

He said experts had since said the transition from child to adult hospitals should be done more gradually with a bigger grace period, rather than an immediate move upon turning 18.

From BBC ● Jul. 18, 2026

There may be a grace period of several months, depending on the employer, Pon noted, but whatever isn’t spent disappears — it doesn’t roll over to the next year.

From MarketWatch ● Jul. 6, 2026

Indian restaurant owner Manish Kumar, who has lived in Japan for three decades, has already been told his business manager visa won't be renewed, in spite of the grace period.

From Barron's ● Jul. 1, 2026

“Oh no. We don’t keep secrets on this ship. But perhaps Lieutenant Reynolds will give you a grace period... assuming you stay motivated.”

From "Ship Breaker" by Paolo Bacigalupi