A grace period is a time past the deadline for an obligation during which a late penalty that would have been imposed is waived. Grace periods, which can range from a number of minutes to a number of days or longer, depending on the context, can apply in various situations, including arrival at a job, paying a bill, for meeting a government or legal requirement, or in many other situations.
In law, a grace period is a time period during which a particular rule exceptionally does not apply, or only partially applies. For the grace period in patent law, see novelty (patent).
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Famous quotes containing the words grace and/or period:
“If the grace of God miraculously operates, it probably operates through the subliminal door.”
—William James (1842–1910)
“We are now going through a period of demolition. In morals, in social life, in politics, in medicine, and in religion there is a universal upturning of foundations. But the day of reconstruction seems to be looming, and now the grand question is: Are there any sure and universal principles that will evolve a harmonious system in which we shall all agree?”
—Catherine E. Beecher (1800–1878)