Grace Period

RECENT NEWS
The Hindu Business Line  Apr 2  Comment 
The government is planning to go slow in enforcing black out on TV screens as about 25 per cent of 1.6 crore households missed the April 1 deadline to switch over to digitised cable television.
ValueWalk.com  Dec 21  Comment 
The corporate world is a democracy. A twisted one though. After all, in this democracy, you can openly buy & sell votes (shares). In fact, they have created a market place for this (stock exchange). If you want more, you can buy more by simply...
Insurance Journal  Nov 1  Comment 
The Connecticut Insurance Department issued a bulletin encouraging insurers to provide “an extended grace period” with regard to premium payments for residences affected by storm Sandy. “Connecticut Insurance Department encourages insurers...
New York Times  May 6  Comment 
Investors around the world were on edge after François Hollande’s victory, with unease rising about the future of the euro zone.
Forbes  Apr 20  Comment 
Sourcefire researcher Adam J. O'Donnell, who used game theory to predict when Macs would be hit with malware. It was always just a matter of time until malware writers started targeting Macs. Until suddenly, time was up--much sooner than expected....
Reuters  Mar 21  Comment 
* Ruling could shift control to administrators (Adds details, quote from administrator)
StreetInsider.com  Dec 12  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Joe%27s+Jeans+%28JOEZ%29+Gets+Additional+180-Day+Grace+Period+from+Nasdaq/7010837.html for the full story.
Financial Times  Nov 7  Comment 
Embattled Premier Foods, the maker of Hovis bread, has won a grace period of three months from lenders to its £1.27bn debt pile
The Straits Times  Sep 21  Comment 
THE taxman has been urged to extend the penalty-free grace period for people to declare inaccuracies in their tax filings.




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Grace Period refers to the period of time after a statement date when the outstanding balance on a credit card must be cleared to avoid incurring a finance charge. For most credit cards, the grace period is between 20 and 30 days, although card holders that carry an outstanding balance forward are usually given no grace period. In addition, there is generally no grace period given for balance transfers and cash advances.

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