grace period
US /ˈɡreɪs ˌpɪr.i.əd/
UK /ˈɡreɪs ˌpɪr.i.əd/
1.
a period of time after a payment is due, during which no penalties are incurred
:
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The bill is due on the 1st, but there's a 10-day grace period.
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Make sure to pay before the grace period ends to avoid late fees.
2.
a period allowed for an employee to adjust to a new job or for a new law to take effect before full enforcement
:
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New employees often get a grace period to learn the ropes.
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The new regulations have a six-month grace period before full enforcement begins.