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Answered 2008-03-11 02:20:56

A grace period is a period of time past the deadline for fulfilling an obligation during which a penalty that would be imposed for being late 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 government or legal requirement, or in many other situations. In law, a grace period is a period of time during which a particular rule exceptionally does not apply, or only partially applies. If there is no Grace Period and, lets say a payment is due on the 1st of each month, pay the bill on the 2nd and you will incur a penalty. No grace period on a credit card means you pay interest on everything you charge to the card. Avoid that type card as they are a rip off.

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a grace period is a period of time just after a deadline that will be forgiven..its like being forgiven,not penalized for being late..for example you need to make a payment on the 15 but will not get penalized for it unless it goes to the 19th ...well you have a 4 day grace period A GRACE PERIOD MEANS A LOT OF THINGS , FOR INSTANCE , " POST-PONEMENT GRANTED " HOPE THIS HELPS YOU



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Insurance Grace PeriodNo, any grace period would have passed before the policy went to cancelled status. Once the policy is cancelled that means any grace period that may have been afforded will have expired. If you were still within any regulatory grace period then your policy will not be in cancelled status, it would be in cancellation pending status.They are not legally obligated, most carriers do give you a time to re-instate however


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What id grace period for expired tags in arkansas


The warranty expires when the warranty expires. There is no grace period.


In my state, there is a 7 day grace period for anything.


the grace period of visa is when theres a period of time where people are happy and have a lot of grace. usually between May and July. hope i helped=]


Grace period is a provision given to policyholder to pay premium in next 30 days.When he fails to pay it before the due date, this time period of 30 days is called grace period.


No there is no grace period, you bare ether included in a policy or you are excluded.


No. They figure the preceding five years is grace period enough.


Grace Period - 2013 was released on: USA: February 2013


There is no legal grace period. However, most law enforcement officers will give you a grace period to get your license renewed. The judges will generally as well.


grace period or (the gratis period), though a little is the difference! depends how and in what points one has signed the official contract!


in most cases grace period entails how many days you have on your insurance bill, in most states the grace period runs 15 days after your due date


no grace period... it is not PREPAID SIMCARD.. it is driving license


The Grace period for expired car tags in Tennessee is 30 days.


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It means that with grace we are saved.


The simple answer is yes they do BUT they will still place collection calls to you during that grace period. If you can handle the calls feel free to use the grace period because they cannot mark your credit report in a negative way as long as your payment posts on the last day of the grace period.


After 12 years in the insurance industry, I have never heard of a "grace period" until I read your question. Can you rephrase?



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