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

He has taken full advantage of that dispensation, leaving the Supreme Court in a pickle as the grace period is set to expire this week.

From The Wall Street Journal ● Aug. 20, 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

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

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