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:
“If you love those who love you, what credit is that to you? For even sinners love those who love them.”
—Bible: New Testament, Luke 6:32.
“But cards are war, in disguise of a sport.”
—Charles Lamb (1775–1834)