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Meaning of word grace period from English dictionary with examples, synonyms and antonyms.
grace period noun
Meaning : A period of time past the deadline for fulfilling an obligation during which a penalty that would be imposed for being late is waived, especially an extended period granted as a special favor.
Example :
The payment had originally been due on April 1 but we had a grace period which expired in June..
Synonyms : grace
Grace period meaning in Telugu.