grace for payment

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• grace period — grace pe·ri·od n: a period of time beyond a scheduled date during which a required action (as payment of an obligation) may be taken without incurring the ordinarily resulting adverse consequences (as penalty or cancellation): as a: a period of… …   Law dictionary

• grace — [greɪs] noun [uncountable] 1. additional time that is allowed before a payment must be made: • Paraguay was granted a new period of 20 years, with eight years grace, for the payment of its $436 million debt to Brazil. • They have a grace period… …   Financial and business terms

• grace period — n. extra time allowed, as for payment of a note, insurance premium, etc. after it is due …   English World dictionary

• grace period — In insurance law, a period beyond the due date of premium (usually 30 or 31 days) during which insurance is continued in force and during which payment may be made to keep policy in good standing. The grace period for payment of premium does not… …   Black's law dictionary

• grace period — In insurance law, a period beyond the due date of premium (usually 30 or 31 days) during which insurance is continued in force and during which payment may be made to keep policy in good standing. The grace period for payment of premium does not… …   Black's law dictionary

• grace — n. & v. n. 1 attractiveness, esp. in elegance of proportion or manner or movement; gracefulness. 2 courteous good will (had the grace to apologize). 3 an attractive feature; an accomplishment (social graces). 4 a (in Christian belief) the… …   Useful english dictionary

• Grace — n. & v. n. 1 attractiveness, esp. in elegance of proportion or manner or movement; gracefulness. 2 courteous good will (had the grace to apologize). 3 an attractive feature; an accomplishment (social graces). 4 a (in Christian belief) the… …   Useful english dictionary

• grace period — 1) The interval between the establishment of a loan and the first due date for repayment. 2) Extra time granted for payment after a due date. 3) See: callable bonds …   Accounting dictionary

• Grace — (gr[=a]s), n. [F. gr[^a]ce, L. gratia, from gratus beloved, dear, agreeable; perh. akin to Gr. ? to rejoice, cha ris favor, grace, Skr. hary to desire, and E. yearn. Cf. {Grateful}, {Gratis}.] 1. The exercise of love, kindness, mercy, favor;… …   The Collaborative International Dictionary of English

• Grace cup — Grace Grace (gr[=a]s), n. [F. gr[^a]ce, L. gratia, from gratus beloved, dear, agreeable; perh. akin to Gr. ? to rejoice, cha ris favor, grace, Skr. hary to desire, and E. yearn. Cf. {Grateful}, {Gratis}.] 1. The exercise of love, kindness, mercy …   The Collaborative International Dictionary of English

• Grace drink — Grace Grace (gr[=a]s), n. [F. gr[^a]ce, L. gratia, from gratus beloved, dear, agreeable; perh. akin to Gr. ? to rejoice, cha ris favor, grace, Skr. hary to desire, and E. yearn. Cf. {Grateful}, {Gratis}.] 1. The exercise of love, kindness, mercy …   The Collaborative International Dictionary of English