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
While payments were originally set to resume in 2023, President Joe Biden provided an additional one-year grace period, delaying the start repayment requirements to October 2024.
—
Anna Kleiber, jsonline.com, 27 Oct. 2025
Ryan McMonigle, spokesperson for public works, said Tuesday that the rules are still the educational phase, giving drivers a grace period to learn the law, and the agencies have not decided when enforcement will start.
—Eleanor Nash, Kansas City Star, 17 Oct. 2025
Because of the volume, a six- to 12-month grace period will be necessary to give pet owners time to comply.
—Killian Baarlaer, Louisville Courier Journal, 17 Oct. 2025
By temporarily waiving certain penalties, the agency aims to give institutions time to adapt their systems while maintaining compliance expectations once the grace period ends.
—Aliss Higham, MSNBC Newsweek, 8 Oct. 2025
See All Example Sentences for grace period
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Anna Kleiber, jsonline.com, 27 Oct. 2025
Ryan McMonigle, spokesperson for public works, said Tuesday that the rules are still the educational phase, giving drivers a grace period to learn the law, and the agencies have not decided when enforcement will start.
—Eleanor Nash, Kansas City Star, 17 Oct. 2025
Because of the volume, a six- to 12-month grace period will be necessary to give pet owners time to comply.
—Killian Baarlaer, Louisville Courier Journal, 17 Oct. 2025
By temporarily waiving certain penalties, the agency aims to give institutions time to adapt their systems while maintaining compliance expectations once the grace period ends.
—Aliss Higham, MSNBC Newsweek, 8 Oct. 2025
See All Example Sentences for grace period
Cite this Entry
“Grace period.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/grace%20period. Accessed 30 Oct. 2025.
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