grace period
noun
: a period of time beyond a due date during which a financial obligation may be met without penalty or cancellation
Examples of grace period in a Sentence
The terms of the loan allow for a ten-day grace period.
Recent Examples on the Web
Some bank-account agreements shorten the grace period for reporting fraudulent transactions to 14 days from when your bank statement was transmitted.
—
Alana Semuels, TIME, 13 June 2024
Instead, Apple's notes suggest photos that had been moved to the 30-day deletion grace period on the local device ended up being resurfaced due to corruption.
—Samuel Axon, Ars Technica, 20 May 2024
Airlines will then have a grace period of six months to one year (depending on the type of refund) to implement the new policies.
—Jessica Puckett, Condé Nast Traveler, 24 Apr. 2024
In the end, the changes made to the JCPOA to meet Iran’s demands—such as extending the grace period for foreign companies to wrap up their trade with Iran in case sanctions are reimposed—fall well short of Tehran’s expectations.
—Trita Parsi, Foreign Affairs, 26 Aug. 2022
See all Example Sentences for grace period 
Alana Semuels, TIME, 13 June 2024
Instead, Apple's notes suggest photos that had been moved to the 30-day deletion grace period on the local device ended up being resurfaced due to corruption.
—Samuel Axon, Ars Technica, 20 May 2024
Airlines will then have a grace period of six months to one year (depending on the type of refund) to implement the new policies.
—Jessica Puckett, Condé Nast Traveler, 24 Apr. 2024
In the end, the changes made to the JCPOA to meet Iran’s demands—such as extending the grace period for foreign companies to wrap up their trade with Iran in case sanctions are reimposed—fall well short of Tehran’s expectations.
—Trita Parsi, Foreign Affairs, 26 Aug. 2022
See all Example Sentences for grace period
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'grace period.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Dictionary Entries Near grace period
Cite this Entry
“Grace period.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/grace%20period. Accessed 4 Jul. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share