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Grace period

noun

Definitions

Noun
  1. 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."

  2. 2
    a period of time past the deadline for fulfilling an obligation during which a penalty that would be imposed for being late is waived, especially an extended period granted as a special favor wordnet

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