Question

what are days of grace​

Answer 1

Answer:

A grace period is a set length of time after the due date during which payment may be made without penalty. A grace period, typically of 15 days, is commonly included in mortgage loan and insurance contracts.

Answer 2

Answer:

As follows

Explanation:

A grace period is the amount of time allowed before a payable must be paid. A payment made within a grace period is not subject to any penalties or late fees by the seller. Grace periods are useful for the collection staff, which does not engage in any collection activities during this period of time.

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