Grace Period

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).

Read more about Grace PeriodTypes of Grace Periods, Advantages and Disadvantages, Credit Cards

Other articles related to "period, grace period":

Domain Name Speculation and The Rise of Pay Per Click Websites
... millions of domains would be registered for a limited period (the five day Add Grace Period during which a domain could be deleted without the registrar ... of domains that a registrar could delete using the Add Grace Period before having to pay the ICANN fee ... number of domains deleted during the Add Grace Period ...
Burger King Corporation V Hungry Jack's - Judgment - Clause 2.1
... would mean that Hungry Jack's could not take advantage of the grace period, and that a narrower view should be preferred ... Accordingly, they found that since Burger King had not allowed the 12 month grace period to expire, its termination was not effective ... provided for various procedures if clause 2.1 were not complied with (including the grace period in clause 8.1), and held that clause 2.1 could not be considered an ...
Optional Practical Training - Grace Period
... The 60-day period of time given to F-1 Visa students after the completion of a program of study or an authorized period of post-completion OPT ...
Patent Reform Act Of 2009 - Advocacy For and Against - First-to-file
... after the invention date but before the filing date, (ii) weaken the one-year grace period so it cannot be relied on, compelling inventors to behave as if there ... with other nations at the World Intellectual Property Organization to gain a one-year grace period for disclosure of patentable materials equal to that in the U.S ... is unlikely to secure the grace period provision from other countries ...
Grace Period - Credit Cards
... In personal finance, a grace period is the period during which no interest is charged on a credit card ... A time period after a payment due date within which the fee can be paid without penalty ...

Famous quotes containing the words period and/or grace:

    When we suffer anguish we return to early childhood because that is the period in which we first learnt to suffer the experience of total loss. It was more than that. It was the period in which we suffered more total losses than in all the rest of our life put together.
    John Berger (b. 1926)

    ...and when James and Cephas and John, who were acknowledged pillars, recognized the grace that had been given to me, they gave to Barnabas and me the right hand of fellowship, agreeing that we should go to the Gentiles and they to the circumcised.
    Bible: New Testament, Galatians 2:9.