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Grace Period - Dictionary

Grace Period

Part of Speech

Noun

Pronunciation

/ˈɡreɪs ˈpɪriəd/

Definitions

  • A period of time beyond a deadline during which a person or entity can still perform an action without penalty.
  • An extended period of time given to someone, usually for paying a debt or fulfilling an obligation.

Usage Examples

  • After the due date, the company offered a one-week grace period for payment.
  • The student was granted a grace period to complete the assignment.

Etymology

The term “grace period” derives from the combination of "grace," meaning favor or mercy, and "period," indicating a defined length of time. It suggests a period in which leniency is shown.

Synonyms

  • Extension
  • Leeway
  • Grace time
  • Delay period

Antonyms

  • Deadline
  • Cutoff
  • Limit

Translations

LanguageTranslationPronunciation
EnglishGrace period/ˈɡreɪs ˈpɪriəd/
SpanishPeríodo de gracia/peɾíoðo de ɡɾaθja/
FrenchPériode de grâce/peʁjɔd də ɡʁas/
GermanFristverlängerung/fʁɪstfɛʁˈlɛŋəʁʊŋ/
ItalianPeriodo di grazia/peˈriːoːdo di ˈɡrattsja/
Chinese (Mandarin)宽限期/kuān xiàn qī/
Arabicفترة سماح/fatrat samaah/
RussianЛьготный срок/lʲɡɔtnɨj srok/
Japanese猶予期間/yūyo kikan/
PortuguesePeríodo de graça/peˈɾi.odu dʒi ˈɡɾa.sɐ/
Hindiग्रेस पीरियड/ɡɾeɪs pɪrɪəd/
Bengaliগ্রেস পিরিয়ড/ɡɾeɪs pɪrɪəd/
Teluguగ్రేస్ పీరియడ్/ɡɾeɪs pɪrɪəd/
Marathiग्रेस पीरियड/ɡɾeɪs pɪrɪəd/
Punjabiਗ੍ਰੇਸ ਪੀਰੀਅਡ/ɡɾeɪs pɪrɪəd/
Gujaratiગ્રેસ પીરિયડ/ɡɾeɪs pɪrɪəd/
Odiaଗ୍ରେସ ପିରିଯ୍ୟଡ/ɡɾeɪs pɪrɪəd/
Tamilகிரேஸ் கால அவகாசம்/ɡɾeɪs kāla avakāsam/
Kannadaಗ್ರೇಸ್ ಪೀರಿಯಡ್/ɡɾeɪs pɪrɪəd/
Malayalamഗ്രേസ് പിരിയഡിന്/ɡɾeɪs pɪrɪəd/
Assameseগ্ৰেৰ পিৰিয়ড/ɡɾeɪs pɪrɪəd/
Maithiliग्रेस पीरियड/ɡɾeɪs pɪrɪəd/
Haryanviग्रेस पीरियड/ɡɾeɪs pɪrɪəd/
Chhattisgarhiग्रेस पीरियड/ɡɾeɪs pɪrɪəd/
Konkaniग्रेस पिऱीयड/ɡɾeɪs pɪrɪəd/

Regional Pronunciation Variations

  • In the Southern United States, the pronunciation might be slightly softer: /ˈɡreɪs ˈpɪɹɪəd/.
  • In some British accents, there may be more emphasis on the 'r' sound in "period." /ˈɡreɪs ˈpɪɹɪəd/.

Historical Usage

The term “grace period” was first used in the early 19th century to refer to the period of leniency in financial dealings. It gradually expanded to include other situations where deadlines or obligations could be extended without penalty.

Cultural Nuances

In different cultures, the grace period can signify different things. For instance, in some countries, it is seen as a form of mercy, while in others, it is considered an automatic part of the contract or agreement. The concept of a grace period may also be more common in cultures with formalized debt arrangements.

More Information

A grace period is typically used to help individuals or organizations avoid penalties in situations where they are unable to meet a deadline or obligation. It provides a period of relief where no penalties are imposed, and it is often used in financial, educational, and legal contexts. Understanding the rules surrounding grace periods is essential for those involved in managing deadlines and obligations, as they can vary by country, institution, and type of agreement.

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