GRACE PERIOD

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

A period of time past the deadline for fulfilling an obligation during which a penalty that would be imposed for being late is waived, especially an extended period granted as a special favor

Example:

The payment had originally been due on April 1 but we had a grace period which expired in June.

Synonyms:

grace; grace period

Classified under:

Nouns denoting time and temporal relations

Hypernyms ("grace period" is a kind of...):

period; period of time; time period (an amount of time)

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