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Grace period

The mortgage definition for Grace period:

A specified amount of time to make a loan payment after its due date without penalty.

Similar Matches

Benefit period

Benefit period
A time period over which the interest rate of a loan is discounted, fixed or capped, for example.


Credit period

Credit period
The time frame for which the lender agrees to provide you with credit.


Discount period

Discount period
The time at the beginning of a mortgage life span when you are offered reduced repayments. Can be useful to help you overcome the often significant outlay involved with buying a property.


Further Suggestions

Early repayment period
Repayment period
Tie in period


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Grace period
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