grace period
- noun
- /ɡreɪs ˈpɪərɪd/
- Additional hourly charges after the grace period are usually very high.
- a two-year grace period
- a six-year grace period
- year grace period
So I, I always give a little grace period, little area.
- So I, I always give a little grace period, little area.
- There were times where I didn't have to pay anything, where they gave me some, you know, a period of grace period.
Examples
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The rules typically give the homeowner a grace period to pay off the investor and reclaim their property.
Blog text (22) -
Make sure to pay off your credit card balance within the grace period to avoid interest charges.
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We'll make that tool available to expired accounts even without additional payment during the grace period.
Blog text (28) -
And should you fall behind, there is a three-month grace period.
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But I stayed within the grace period, and I didn't incur the $100-a-day penalty.
Blog text (28) -
So I asked for a 30-day grace period before the fine kicked in—and they agreed.
Blog text (28) -
You can submit your loan application during the grace period without facing any penalties.
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The landlord offered a grace period for the rent payment, allowing tenants an extra week to pay without fees.
Synonyms
Extra time allowed after a deadline to avoid a penalty
A delay that lets something happen at a later time
A short official delay before a punishment happens
How Long
- Informal
- Formal
Surface Forms
Morphology
The meaning 'an additional interval without penalty' is directly and predictably built from 'grace' (leniency or allowance) + 'period' (a measured interval), so knowing the constituents gives the MWE meaning. This noun+noun composition is common and has clear parallels in many languages (e.g. Spanish "periodo de gracia"), making it immediately comprehensible to a B1 learner who knows both words.
Etymology
The noun grace period comes from the idea of a kind grace or favor that gives an extra period of time after a deadline. Imagine a teacher who lets a student hand work in a few days late without any penalty; that's why grace period means 'extra time' with 'no penalty'.