Credit Cards
In personal finance, a grace period is the period during which no interest is charged on a credit card. See Credit card interest for further information.
A time period after a payment due date within which the fee can be paid without penalty. For example, late charges may not be incurred for rental payments due on the first of the month if they are paid on or before the 10th of the month.
Read more about this topic: Grace Period
Famous quotes containing the words credit and/or cards:
“To give money to a sufferer is only a come-off. It is only a postponement of the real payment, a bribe paid for silence, a credit system in which a paper promise to pay answers for the time instead of liquidation. We owe to man higher succors than food and fire. We owe to man.”
—Ralph Waldo Emerson (1803–1882)
“Skill sheets, workbooks, basal reader, flash cards are not enough. To convey meaning you need someone sharing the meaning and flavor of real stories with the student.”
—Jim Trelease (20th century)