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Definition of grace period

A period of days added to a due date during which a customer can delay a payment without incurring interest or a late fee.

Computer Science

Other definitions of grace period

The time period during which a product or service will remain functional before the user or customer must license, register, renew, or otherwise (re)activate their product or subscription.

Computer Science

The time period beyond a specified date during which an obligation can be fulfilled without penalty.

Computer Science