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Grace period
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Grace Period
(n) Grace Period is the additional time provided in an agreement with in which a performance as per a contract can be executed after the expiry of the time set for doing that activity, without attracting any penal provisions. Eg.
GRACE PERIOD - The time period specified under a contact during which a payment is permitted beyond the due date of the payment without penalty.
grace period
n. a time stated in a contract in which a late payment or performance may be made without penalty. Often after the grace period ends without payment or performance by the person who is supposed to pay, the contract is suspended.
Grace Period
The period during which insurance continues to be in force despite a delayed payment of premium.
Term: Grace Period
Definition: The period during which insurance continues to be in force despite a delayed payment of premium.
grace period
A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20-30 days before you have to pay interest on the amount of your purchases.
grace period - The time period where payment is not required on a debt.
grand jury - A group of citizens that is charged with the decision of whether there is enough evidence to justify a criminal suit.
One-Year Grace Period: The one-year period that starts on the date that an invention is used publicly, offered for sale, patented or published anywhere in the world during which period a U.S. patent application must be filed to avoid a bar.
The §9 Renewal Application may be filed one year prior to the registration expiration date or during the 6-month grace period immediately after the date of expiration.
Federal cooling-off rules apply this three-day grace period to sales made anywhere other than a seller's normal place of business.
late payment charges the penalty the homeowner must pay when a mortgage payment is made after the due date grace period.
 See also: Time, Law, Information, Person, State
  
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