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A grace period is a period of time, when an action will not be challenged.

When US presidents are elected, their first 100 days office is a Grace Period. Their policies are not challenged.

Or paying a credit card, from the payment date to when interest will charged is a grace period.,

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Lvl 13
11mo ago
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Gabby H

Lvl 1
4mo ago
The grace period is a certain period of time, which the time varies depending on the situation/context.
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Wiki User

10y ago

Once upon a time, there was a student who was too lazy to do his homework. He went on wiki answers to breeze through the assignment without any effort. Little did he know that people on the internet can write whatever they wish. Moral of the story? Do your homework.

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Wiki User

10y ago

it is the time between the date of the credit card purchase and the date the company starts charging you interest

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Q: What is the importance of grace period?
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