grace period - definition

Create account
Where to search:
Thesaurus


Dictionaries » Dictionary of Law » G »

grace period - definition



A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
(Non-alphabetical character)

grace period Search for pronunciation examples


n. a time stated in a contract in which a late payment or performance may be made without penalty. Often after the grace period ends without payment or performance by the person who is supposed to pay, the contract is suspended. Example: if a person does not pay his/her insurance payment (premium) by the stated deadline, he/she usually has a few days extra to pay before the absolute deadline. If the person does not pay by then, the insurance company cancels the contract, i.e. your insurance.



Permanent link to this page: http://www.diclib.com/cgi-bin/d1.cgi?l=en&base=en_law&page=showid&id=1017


Learn foreign languages chatting with us!

  • Felix, 25
    Dominican Republic, Santiago
    Native language: Spanish
    Foreign language: English
    Felix
  • williams espaa lima, 46
    Venezuela, Puerto Ayacucho
    Native language: Spanish
    Foreign language: English
    williams e...
  • Кирилл, 17
    Russian Federation, Барнаул
    Native language: Russian
    Foreign language: English
    Кирилл
  • Yan
    Cuba
    Native language: Spanish
    Foreign language: English
    Yan
  • rawe1994, 20
    Spain, Valencia
    Native language: Spanish
    Foreign language: English, Catalan
    rawe1994
  • ingrid, 19
    Mexico, Monterrey
    Native language: Spanish
    Foreign language: Spanish
    ingrid
  • orfilia, 39
    Honduras, Tegucigalpa
    Native language: Spanish
    Foreign language: English
    orfilia
  • adry escalona, 32
    Venezuela, Caracas
    Native language: Spanish
    Foreign language: Spanish
    Hola soy adryannis me gusta aprender nuevos idiomas y conocer nuevos amigos, soy de Venezuela!!
    adry escal...
  • Valmira, 24
    Albania, Tirana
    Native language: Albanian
    Foreign language: English
    Valmira
  • Liz
    Cuba, La Habana
    Native language: Spanish
    Foreign language: English
    Liz
  • Irina, 23
    Russian Federation, Saransk
    Native language: Russian
    Foreign language: English, Spanish, French
    Hello there! My name is Irina. I am a girl from Russia who is absolutely crazy about learning foreign languages, meeting new people all over the world, travelling and getting to know new cultures, traditions and customs. :) What is more, I am nice, honest, sincere, I hate lies!>.< Hola a todos! Me llamo Irina. Soy una chica rusa a quien le gusta aprender idiomas, conocer gente nueva, viajar por el mundo y conocer nuevas culturas , costumbres y tradiciones. Ademas soy amable, honesta, sincera, no me gustan las mentiras.
    Irina
  • Luna, 17
    Mexico, Yucatan
    Native language: Spanish
    Foreign language: English, Japanese
    Luna
  • Irenelove, 25
    American Samoa, New York
    Native language: English
    Foreign language: Dutch
    Irenelove
  • javier, 22
    Peru, Lambayeque
    Native language: Spanish
    Foreign language: Spanish
    javier
  • Enrique Napoles Fernandez, 42
    Cuba, Havana
    Native language: Spanish
    Foreign language: Russian
    Enrique Na...
  • francys, 33
    Venezuela, Barquisimeto
    Native language: Spanish
    Foreign language: Spanish
    francys
  • olivia, 26
    United States, Los Angeles
    Native language: English
    Foreign language: French
    olivia
  • Susana, 54
    Spain, Madrid
    Native language: Spanish
    Foreign language: English
    ¡ Hola! Soy profesora de español para extranjeros. Si tenéis alguna duda o queréis preguntarme algo. Yo encantada de ayudar.
    Susana
  • alex, 23
    Guatemala, Guatemala City
    Native language: Spanish
    Foreign language: English, German
    Hola, estoy interesado en aprender idiomas y como tambien enseñar el español a otras personas q lo deseen, mis hobbies son las peliculas, musica, videos, etc...... M interesan personas cariñosas, amables y q confien en mi........
    alex
  • Jessica Mendoza, 23
    Venezuela, Mérida
    Native language: Spanish
    Foreign language: Spanish
    Jessica Me...