Question

The three extra days which are allowed over and above the period of the bill. Answer in a word / phrase / term.

Answer 1

DUE DATE ...


DATE OF MATURITY

Answer 2

Answer:

Those three extra days are called as 'days of grace'.

Explanation:

The date on which the bill is to be paid is known as the due date or the day of maturity. The period till the due date of payment is known as the period of maturity.

These three days of grace are added to the period of maturity and the final date is then considered as the due date or date of maturity.