grace period — A period of time after a payment due date during which a financial obligation may be met without penalty or cancellation of the agreement
Part of speech: NOUN
Definition: A period of time after a payment due date during which a financial obligation may be met without penalty or cancellation of the agreement
Pronunciation (IPA): /ɡreɪs ˈpɪriəd/
Korean meaning: 지불 기한이 지난 후에도 벌금이나 계약 해지 없이 의무를 이행할 수 있는 유예 기간
Korean pronunciation: 그레이스 **피**어리어드
Example Sentences
- My credit card company gives me a 25-day grace period, which is perfect for my procrastination habits.
- The insurance policy includes a 31-day grace period for premium payments.
- Thanks to the grace period, I avoided late fees even though I forgot to pay my rent on time... again.
grace period
NOUN//ɡreɪs ˈpɪriəd//
A period of time after a payment due date during which a financial obligation may be met without penalty or cancellation of the agreement
The bank gave him a grace period before charging late fees on his loan.
🎤Pronunciation
🌳Etymology
Origin
Grace는 라틴어 'gratia'(호의, 은혜)에서 유래되었고, period는 그리스어 'periodos'(순환, 기간)에서 나왔습니다. 마치 채권자가 베푸는 '은혜로운 시간'이라는 의미로 발전했습니다.
🎵Rhyme
🔗Collocations
📝Examples
“My credit card company gives me a 25-day grace period, which is perfect for my procrastination habits.”
“The insurance policy includes a 31-day grace period for premium payments.”
“Thanks to the grace period, I avoided late fees even though I forgot to pay my rent on time... again.”
“Students have a grace period of 6 months after graduation before loan repayment begins.”
📚Related Words
Synonyms
Antonyms
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