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

But the recent tremors in global markets suggest that we are dangerously close to the end of the extended grace period we have enjoyed.

From The Wall Street Journal ● Aug. 25, 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

The rule also cuts the departure grace period in half.

From Los Angeles Times ● Jul. 17, 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

The headmaster read through Caitlin's letter before agreeing to a month-long grace period: Things had gotten so bad that even the schools had to be lenient.

From "I Will Always Write Back" by Caitlin Alifirenka and Martin Ganda