grace period

noun

1. a period of time after a payment becomes due, as of a loan or life-insurance premium, before one is subject to penalties or late charges or before the loan or policy is canceled.

Example Sentences

“It just crept up on me that the grace period is over,” Mulaney says about his subway-chase revelation that he was getting older.

From The Daily Beast

Charney has a 30-day grace period before he is officially terminated.

From The Daily Beast

Politicians are spending the last several weeks of this court-ordered grace period trying to come up with a new solution.

From The Daily Beast

Glitches provide a grace period for you to strengthen statements, missions, arguments and other words-worthy endeavors.

From The Daily Beast

Will she stay on for a grace period and then be reassigned as ambassador to some neutral country like Switzerland or Luxembourg?

From The Daily Beast