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Synonyms

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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Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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

About a dozen others have a similar grace period for military and overseas voters.

From The Wall Street Journal • Jun. 29, 2026

The sole exception could be Google, which has the option to nix its deal after a one-month grace period if SpaceX can’t hold up its end of the bargain by the end of September.

From MarketWatch • Jun. 27, 2026

Altman said monthly enrollment numbers are delayed because consumers have a three-month grace period to resume their premium payments before the insurance carriers end their coverage for nonpayment.

From Los Angeles Times • Jun. 2, 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

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