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.
grace periods
-
pluralof grace period.plural
The grammatical form denoting more than one person, place, thing, or idea.
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.
HOAs are getting more aggressive about pursuing people who rack up unpaid dues, skipping informal grace periods to make up the payments and turning delinquent accounts over to lawyers.
From The Wall Street Journal ● Aug. 2, 2026
If history is any indication, this stretch of “And Just Like That” is merely one of those grace periods.
From Salon ● Jul. 15, 2025
Workers also face deadlines for spending their F.S.A. money on eligible care or products, although many employers offer grace periods or the option to roll over some funds from one year to the next.
From New York Times ● May 17, 2024
Drivers can lose coverage even for seemingly small offenses, such as missing one payment — Caudana said there are no more grace periods.
From Los Angeles Times ● Dec. 18, 2023
Russia has spent the last two years negotiating generous package deals - rescheduling, write-offs, grace periods measured in years - with its most obtuse debtors.
From Russian Roulette: Russia's Economy in Putin's Era by Samuel Vaknin
