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!

  • Beny Crejuste, 33
    Dominican Republic, Higuey
    Native language: French
    Foreign language: English, Spanish
    Beny Creju...
  • edgardo escobar, 29
    Honduras, Tocoa Colon
    Native language: Spanish
    Foreign language: Spanish
    edgardo es...
  • Pavel Zhbankov, 27
    Chile, Valdivia
    Native language: Spanish, Russian
    Foreign language: Portuguese, English, Italian, French
    Pavel Zhba...
  • jose david eras, 28
    Ecuador, Coca
    Native language: Spanish
    Foreign language: English
    jose david...
  • yahaira, 31
    Dominican Republic, San Cristobal
    Native language: Spanish, Spanish
    Foreign language: Spanish, Spanish
    yahaira
  • Jeremy, 37
    Guatemala, Guatemala City
    Native language: Spanish
    Foreign language: English
    I was born in Guatemala city, I have eight years of having learned the English language I go to the gym every day in the mornings I enjoy teaching English
    Jeremy
  • Wilbert, 38
    Nicaragua, Managua
    Native language: Spanish
    Foreign language: English
    I am from Nicaragua located in central american, I want to learn English because I like so much. thanks for help me
    Wilbert
  • faith, 24
    United States, New York
    Native language: Portuguese, English
    Foreign language: English
    faith
  • Andres Perez Sanchez, 20
    Mexico, Ocosingo
    Native language: Spanish
    Foreign language: Spanish
    Andres Per...
  • Claudiu, 44
    Spain, Alicante
    Native language: Romanian, German
    Foreign language: Spanish, French, Italian
    Claudiu
  • anna, 65
    Russian Federation, Moscow
    Native language: Russian
    Foreign language: English
    anna
  • ines esprou, 37
    Dominican Republic, San Pedro De Macoris
    Native language: Spanish
    Foreign language: English
    I like to watch tv and go to the movies. i like to listen to the music and dance. i&# 39; d like to meet people who speaks english for improve my english skills.
    ines espro...
  • mia, 25
    Uruguay, Maldonado
    Native language: Spanish
    Foreign language: Spanish
    mia
  • edwin moises, 30
    El Salvador, San Salvador
    Native language: Spanish
    Foreign language: English
    edwin mois...
  • mariano montana, 57
    France, Puteaux
    Native language: Spanish
    Foreign language: English
    mariano mo...
  • gerson espinal, 23
    Honduras, Tegucigalpa
    Native language: Spanish
    Foreign language: English, French
    me gustad mucho el futbol y soy 100% barcelona
    gerson esp...
  • Eвгений, 27
    Ukraine, Нова Ушиця
    Native language: Ukrainian
    Foreign language: English
    Eвгений
  • eilyn, 35
    Venezuela, Valencia
    Native language: English
    Foreign language: French
    eilyn
  • Toms Aranda Luis, 68
    Mexico, Ciudad De México
    Native language: Spanish
    Foreign language: English
    Toms Arand...
  • sandra, 36
    Trinidad and Tobago, Santa Cruz
    Native language: Spanish
    Foreign language: English
    sandra