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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
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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 39 days ago|10/19/2022 1:38:52 PM
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