Accountancy, asked by vibhutisongara, 5 months ago

What is meant by days of grace​

Answers

Answered by tejaswinitn
3

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.

Answered by Anonymous
12

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Days, usually three, allowed by law or custom for payment after a bill or note falls due.

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