en

period of grace

1

Terminological databases

EKI terminibaas Esterm

ID 686164 Last modified 30.12.2004
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Domain financial transactions - payment systems - cash
period of grace preferred
  • 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
period of grace preferred
Usage examples
  • 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...

EKI terminibaas Esterm

ID 694805 Last modified 21.08.2018
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Domain Economicsfinancial transactions - payment systems - cash
period of grace preferred
exemption period
  • Grace period. In insurance law, a period beyond the due date of premium during which insurance is continued in force and during which payment may be made to keep policy in good standing ... May also refer to period of time provided for in a loan agreement during which default will not occur even though payment is overdue.
period of grace preferred
Usage examples
  • Whereas this Decision does not prejudice measures of Member States to grant a period of grace for disposal, storage, placing on the market and use of existing stocks in accordance with the provisions of Article 4(6) of Directive 91/414/EEC ...
  • These loans shall normally comprise a grace period fixed by reference to the construction period of the project.
exemption period
grace period

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