GRACE PERIOD

Pronunciation (US):

(GB):

 Dictionary entry overview: What does grace period mean? 

• GRACE PERIOD (noun)
  The noun GRACE PERIOD has 1 sense:

1. 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

  Familiarity information: GRACE PERIOD used as a noun is very rare.

 Dictionary entry details 

• GRACE PERIOD (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

Classified under:

Nouns denoting time and temporal relations

Synonyms:

grace; grace period

Context example:

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

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

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