periood, millal ei ole alustatud laenu põhisumma tagasimaksmist, vaid makstakse ainult intressi
the period at the beginning of the term of a loan during which the borrower is excused amortisation. Sometimes the loan is interest-free during the grace period
an extra length of time given to a debtor to repay money owing
Participants shall not: (a) derogate with respect to maximum repayment terms (whatever the form of support), to minimum interest rates or to the limitation of the validity of commitments to a maximum of six months or extend the relevant repayment terms through an extension of the grace period before the start of the repayment beyond the normal practice of six month after the starting point...
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