Meaning Of Grace Days

A grace period is the provision in most loan and insurance contracts that allows payment to be received for a certain period of time after the actual due date.

Meaning of grace days. A grace period is a period immediately after the deadline for an obligation during which a late fee or other action that would have been taken as a result of failing to meet the deadline is waived provided that the obligation is satisfied during the grace period grace periods can range from a number of minutes to a number of days or longer and can apply in situations including arrival at a. It was originally a gratuitous favor hence the name but custom has re. This relief takes the form of two days of grace until close of business monday.

Time of indulgence granted to an acceptor or maker for the payment of his bill of exchange or note. Translation and definition days of grace dictionary english english online. Grace period definition is a period of time beyond a due date during which a financial obligation may be met without penalty or cancellation.

Example sentences with days of grace translation memory. Extra days usually three allowed for payment of a note or bill after it has come due. Days of grace days of grace.

Synonym discussion of grace. An extension of the time originally scheduled for the performance of an act such as payment for a debt granted merely as a gratuitous favor by the person to whom the performance is owed. Days permitted by custom for payment of a promissory note bill of exchange etc after.

Grace definition is unmerited divine assistance given to humans for their regeneration or sanctification. Define days of grace. Days of grace definition.

In old english practice days of grace allowed a person an extra three days beyond the date specified in a writ summoning him or her before a. How to use grace in a sentence. A samurai shaming himselfby begging a few days of grace must certainly.