2006-07-29 17:00:58 · 21 answers · asked by I-C-U 5 in Business & Finance ➔ Credit
It can be a period of time during which you do not have to pay.
It can also be a period of time in which you will be forgiven or free to change your mind.
2006-07-29 17:01:48 · answer #1 · answered by Plasmapuppy 7 · 0⤊ 0⤋
A grace period is an extension for a certain amount of time on a bill to pay it before a penalty or fee is added. It's usually offered when you can't make a payment on the actual due date.
2006-07-29 17:04:04 · answer #2 · answered by ♫Joshua's~♥~Girl♫ 5 · 0⤊ 0⤋
It's the time of the month when Grace is menstruating, usually lasts about 3-4 days. On or a few days before that time, Grace is usually very crabby, craves sweets and may have acne, cramping or bloating. Beware...
2006-07-29 17:03:52 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Say you bill is due on the 1st of the month but the grace period is 15 days, so on the 16th of the month if you still haven't paid the bill they will report you late on the payment to the credit bureaus.
2006-07-29 17:05:14 · answer #4 · answered by gonzomars 2 · 0⤊ 0⤋
The additional period of time a lender or insurance policy issuer provides for a borrower to make payment on a debt without penalty.
2006-07-29 17:01:56 · answer #5 · answered by ? 2 · 0⤊ 0⤋
at my local library, they charge .25 cents per day when a book is late. but they give us a 3 day grace period, so we are not charged until those 3 days pass.
2006-07-29 17:02:37 · answer #6 · answered by Anonymous · 0⤊ 0⤋
A period of time when your in debt up to your ears but havent recieved the mail yet.
2006-07-29 17:02:32 · answer #7 · answered by isaac a 3 · 0⤊ 0⤋
Time to have grace. Have no penalties. Not be punished.
2006-07-29 17:02:32 · answer #8 · answered by wendyc222 2 · 0⤊ 0⤋
it's the time before you eat when you say grace.
2006-07-29 17:05:24 · answer #9 · answered by dt 5 · 0⤊ 0⤋
That's when you pray over your food before you eat it.
No, that's time to pay without interest or penalty.
Like when you get your monthly credit card statement you have a certain number of days to pay.
2006-07-29 17:03:19 · answer #10 · answered by frugernity 6 · 0⤊ 0⤋