grace period

 Period of time until a bill becomes due.
 ► “While it is true that distributions from individual retirement accounts (IRA) are not taxed if they are ROLLED OVER to new IRAs within 60 days of receipt, this tax-free grace period, which allows an individual to put the funds to short-term use, can be used only once in a one-year period.” (Small Business Reports, Sept. 1993, p. 65)

American business jargon. 2014.

Look at other dictionaries:

  • grace period — grace pe·ri·od n: a period of time beyond a scheduled date during which a required action (as payment of an obligation) may be taken without incurring the ordinarily resulting adverse consequences (as penalty or cancellation): as a: a period of… …   Law dictionary

  • grace\ period — • grace period • period of grace noun the time or extra time allowed in which to do something. Most insurance companies have a grace period of one month for payments. The teacher gave the class a week s period of grace to finish workbooks …   Словарь американских идиом

  • grace period — grace ,period noun count a period of time that someone allows you to have before you must pay money you owe: All invoices are issued with the usual 10 day grace period …   Usage of the words and phrases in modern English

  • grace period — A time period during which a borrower can pay the full balance of credit due and not incur any finance charges (BANKRUPTCY DICTIONARY OF TERMS)/. United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • grace period — n. extra time allowed, as for payment of a note, insurance premium, etc. after it is due …   English World dictionary

  • Grace period — A grace period is a period of time past the deadline for fulfilling an obligation during which a penalty that would be imposed for being late is waived. Grace periods, which can range from a number of minutes to a number of days or longer,… …   Wikipedia

  • grace period — noun : a period of 30 days or one month during which premiums on insurance policies may be paid without penalty * * * 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 …   Useful english dictionary

  • Grace Period — Infobox Album | Name = Grace Period Type = Album Artist = ApologetiX Released = Recorded = Fall Winter of 2001 Genre = Christian/Parody/Comedy Length = 1:08:45 Label = Parodudes Producer = Karl Messner Reviews = Last album = Keep the Change… …   Wikipedia

  • Grace Period — A provision in most loan and insurance contracts which allows payment to be received for a certain period of time after the actual due date. During this period no late fees will be charged, and the late payment will not result in default or… …   Investment dictionary

  • grace period — UK / US noun [countable] Word forms grace period : singular grace period plural grace periods a period of time that someone allows you to have before you must pay money that you owe All invoices are issued with the usual 10 day grace period …   English dictionary

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