Grace period

The additional period of time a Lender or Insurance policy Issuer provides for a borrower to make payment on a Debt without Penalty.

Related Terms: 11 Borrow, Debt, Issuer, Insurance, Insurance policy, Lend, Lender, Owe, Penalty, Policy, Sue

Other Related Pages: Category: Lending_and_Credit Starting With: G

Additional Related Terms: 10-K, Allowance for depreciation, Average collection period, Accrual of discount, Amortization of premium, All or any part, Accommodative monetary policy, Adjustable life insurance, Add-on service, Abstract of title