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What is a grace period?
A grace period is the provision in most loan and insurance contracts that allows payment to be received for a certain period of time after the actual due date.
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Asked 3/18/2013 7:37:50 AM
Updated 7/31/2016 6:31:51 PM
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Edited by Andrew. [7/31/2016 6:31:33 PM]
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A grace period is the provision in most loan and insurance contracts that allows payment to be received for a certain period of time after the actual due date.
Added 7/31/2016 6:31:51 PM
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