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grace period

noun

Definitions

  1. A length of time during which rules or penalties are waived or deferred.

    • The fees begin to accrue after a one-month grace period.
    • (Of course, if an insured dies during the grace period, the unpaid annual premium or instalment thereof is past due and therefore is deducted from the death benefit.)

The neighborhood

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No curated loop yet for grace period. Loops are being traced one word at a time while the ingestion pipeline matures.

sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA