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.
It bears repeating: Know your liquidation thresholds, grace periods and other loan terms, particularly during a “crypto cascade,” when an initial price drop can trigger automated liquidations and accelerate a selloff.
From MarketWatch ● Sep. 28, 2026
In the 2024 general election, more than 750,000 ballots were mailed on time and arrived shortly after Election Day in states with grace periods.
From The Wall Street Journal ● Jun. 29, 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
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
