grace periodRate this phrase:(4.00 / 1 vote)Say it
A length of time during which rules or penalties do not take effect or are withheld.

The fees begin to accrue after a one-month grace period.

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"grace period." Phrases.net. STANDS4 LLC, 2017. Web. 25 Nov. 2017. <http://www.phrases.net/phrase/grace-period_4170>.

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