grace periods
Allowed extra time
A grace period is a span of time after a deadline during which penalties or consequences are suspended.
Credit cards offer grace periods before interest accrues.
Loan payments may have grace periods before late fees apply.
The professor gave us a two-day grace period on the assignment.
The term implies leniency built into rules rather than special treatment.
- due datesScheduled completion times
- final noticeLast warning before action
- moratoriumTemporary prohibition or delay
- defermentAuthorized delay of obligation
- deadline extensionLater submission date granted
extension · payments · reprieve · leniency · free pass · payment deadlines · past due · waiver · postponement · breathing room · second chance · loans · student loans · forgiveness · statute of limitations · respite · billing cycles · credit card
- library rulesreturn policy, food rules, due dates, late fees, renewals
- insuranceinsurance, coverage, auto insurance, life insurance, home insurance
- Consumer Creditcredit cards, credit score, credit scores, interest rates, personal loans
- lending rulesusury laws, fair lending, predatory lending, truth in lending, loan terms
- sovereign lendingsovereign debt, national debt, debt relief, debt restructuring, bailouts
- tenant lawtenant rights, tenant protection, security deposit, rent control, landlord duties
grace periodszero tolerance
Policy allowing no infractions
late fees · no forgiveness · no exceptions · punitive measures
grace, period, graceful, disgrace, disgraceful, gracefully, disgraced, graced, ingratiate