What is another word for grace period?13 synonyms found
Pronunciation:[ ɡ_ɹ_ˈeɪ_s p_ˈiə_ɹ_ɪ__ə_d], [ ɡɹˈe͡ɪs pˈi͡əɹɪəd], [ ɡɹˈeɪs pˈiəɹɪəd]
Table of ContentsSimilar words for grace period:
Definition for Grace period:
- A period of time during which you are not required to make payments on a debt. For example, most credit cards give you a grace period of 20- 30 days before you have to pay interest on the amount of your purchases. Cash advances, however, usually have no grace period; interest begins to accumulate from the date of the withdrawal, even if you pay your bills on time. Also, some student loans give you a grace period after graduating or dropping out of school. During this time, you are not required to make payments on your loan.
Synonyms for Grace period:
n.•extra time before paying (noun)