Meaning Of The Word Grace period

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Grace period Meaning

Grace period Definition
Grace period Definition

What's The Definition Of Grace period?

grace period in American English
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 period in British English
noun: a period of time allowed before something has to be finished or before a debt or loan has to be repaid

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