Grace Period
A set extra period of time allowed for making a payment or completing an obligation before a penalty applies.
1
An additional period allowed after a deadline before penalties, interest, or consequences take effect.
Urdu
کسی مقررہ آخری تاریخ کے بعد اضافی مہلت جس میں جرمانہ لاگو نہیں ہوتا۔
Hindi
किसी निश्चित अंतिम तिथि के बाद अतिरिक्त समय जिसमें जुर्माना लागू नहीं होता।
The bank offers a 15-day grace period before charging late fees.
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Practice
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You still have a two-week to pay the bill without a penalty.