grace time — a period of time after a deadline during which a payment can be made or an obligation can be fulfilled without penalty
Part of speech: NOUN
Definition: a period of time after a deadline during which a payment can be made or an obligation can be fulfilled without penalty
Pronunciation (IPA): /ˈɡreɪs taɪm/
Example Sentences
- My credit card company gives me a 5-day grace time, so I can pay my bill late without feeling like a financial disaster.
- The insurance policy includes a 30-day grace time for premium payments.
- Thanks to the grace time, I managed to submit my assignment without getting zero points, though my procrastination skills remain world-class.
grace time
NOUN[/ˈɡreɪs taɪm/]
a period of time after a deadline during which a payment can be made or an obligation can be fulfilled without penalty
The bank gave him a grace time of seven days before the loan was due.
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🎤Pronunciation
🌳Etymology
Origin
Grace derives from Latin 'gratia' meaning 'favour' or 'grace', while time originates from Old English 'tima'. The compound 'grace time' combines these elements to denote a merciful or favourable period granted as an extension, particularly in financial or contractual contexts.
Breakdown
grace (Latin gratia, meaning favour or divine grace) + time (Old English tima, meaning period or duration). Together they form a compound noun referring to an extended deadline granted as a courtesy.
🎵Rhyme
🔗Collocations
📝Examples
“My credit card company gives me a 5-day grace time, so I can pay my bill late without feeling like a financial disaster.”
“The insurance policy includes a 30-day grace time for premium payments.”
“Thanks to the grace time, I managed to submit my assignment without getting zero points, though my procrastination skills remain world-class.”
📚Related Words
Synonyms
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