A grace period is a time past the deadline for an obligation during which a late penalty that would have been imposed is waived. Grace periods, which can range from a number of minutes to a number of days or longer, depending on the context, can apply in various situations, including arrival at a job, paying a bill, for meeting a government or legal requirement, or in many other situations.
In law, a grace period is a time period during which a particular rule exceptionally does not apply, or only partially applies. For the grace period in patent law, see novelty (patent).
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Famous quotes containing the words grace and/or period:
“For an actress to be a success, she must have the face of Venus, the brains of a Minerva, the grace of Terpsichore, the memory of a Macaulay, the figure of Juno, and the hide of a rhinoceros.”
—Ethel Barrymore (1897–1959)
“... there has never been a period in history when there have been necessary killings which has not been instantly followed by a period when there have been unnecessary killings.”
—Rebecca West (1892–1983)