grace period


noun

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.

Nearby words

  1. gracchi,
  2. gracchus,
  3. grace,
  4. grace cup,
  5. grace note,
  6. grace, william russell,
  7. grace-and-favor,
  8. grace-and-favour,
  9. graceful,
  10. gracefully

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019