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Define grace period
Grace period is 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.
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Asked 7/30/2010 8:09:08 PM
Updated 10/19/2022 1:39:22 PM
3 Answers/Comments
Flagged by emdjay23 [9/13/2015 6:39:53 PM], Unflagged by selymi [9/14/2015 3:36:30 AM], Edited by selymi [9/14/2015 3:36:32 AM]
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Grace period is 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.
Added 9/13/2015 6:39:52 PM
This answer has been confirmed as correct and helpful.
Confirmed by selymi [9/14/2015 3:05:46 AM]
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A grace period is a set length of time after the due date during which payment may be made without penalty. A grace period, typically of 15 days, is commonly included in mortgage loan and insurance contracts.

Added 10/19/2022 1:38:52 PM
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A grace period is a set length of time after the due date during which payment may be made without penalty. A grace period, typically of 15 days, is commonly included in mortgage loan and insurance contracts.

Added 10/19/2022 1:39:22 PM
This answer has been flagged as incorrect.
Deleted by Lordes [10/19/2022 1:39:32 PM], Undeleted by Lordes [10/19/2022 1:39:35 PM], Deleted by Lordes [10/19/2022 1:39:36 PM], Undeleted by Lordes [10/19/2022 1:39:37 PM], Deleted by Lordes [10/19/2022 1:39:37 PM]
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Define cash advance
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Updated 11/28/2014 10:37:16 AM
1 Answer/Comment
A cash advance is a service provided by most credit card and charge card issuers.
Added 11/28/2014 10:37:16 AM
This answer has been confirmed as correct and helpful.
Confirmed by sujaysen [11/28/2014 10:40:05 AM]
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