grace period


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grace period,

n a specified time, after a plan's premium payment is due, in which the protection of the plan continues subject to actual receipt of the premium within that time.
References in periodicals archive ?
Meanwhile, buyers who paid less than two years of installments are entitled to a grace period of not less than 60 days from the date the installment became due.
After December 31, the removal of the grace period means you must attend a refresher course before the end date on your safety certificate.
The bill is sent to customers 30 days after service is provided, after which time the grace period begins.
Announcing the results in a press conference yesterday and the great response in the first two months of the grace period (January and February), Humaid Bin Deemas Al Suwaidi, Assistant Undersecretary of Labour Affairs at the ministry, said that 10,000 companies benefited from this move, saving up to Dh250 million after setting around 20,000 violating labour cards.
Those borrowers who saw a household income reduction of 25% and whose mortgaged home is valued at less than e1/4250,000 can apply for a monthly repayment of e1/430 an after the grace period is over can pay only interest for a further 12 months.
Small enterprises with business loans whose turnover has been reduced by over 25 per cent compared with 2012 can also apply for a grace period of 15 months.
The royal order comes amid uncertainty, with only two days left of the grace period earlier issued by King Abdullah.
It said that the King has directed to extend the grace period for correcting the status of violating workers until the end of the current Hijri year 1434 AH as a maximum grace period and after that period, security and competent authorities shall start their campaigns and regular functions to detain violators in all regions of the Kingdom effective from Muharram 1, 1435 AH and all legal procedures shall be applied against violators.
is extending the grace period a violation of the Windows 7 End User License Agreement (EULA), the spokeswoman said.
the grace period has been typically understood as an innovative feature
LANCASTER -- Tickets will start being issued today from red-light cameras at two Lancaster intersections, after the end of a 30-day grace period during which only warnings went out.
The collision could force affected employers to choose between offering HSA programs in 2006 for only part of the year or making major changes in their 2005 FSA plan grace period programs, according to Internal Revenue Service Notice 2005-86.