Grace Period

RECENT NEWS
New York Times  Nov 16  Comment 
The mayor vowed to veto a popular City Council bill that would give ticket-fatigued drivers a five-minute grace period at thousands of electronic parking meters, saying it would lead to "chaos."
MarketWatch  Jun 1  Comment 
Auto-parts supplier Lear Corp. said Monday that it has chosen not to make semi-annual interest payments of about $38 million due Monday with respect to its 8.50% senior notes due in 2013 and 8.75% senior notes due in 2016. Instead, the company...
Wall Street Journal  Apr 15  Comment 
Struggling yellow-pages publisher R.H. Donnelley said it will make use of a 30-day grace period on $55 million in interest due as it works to restructure debt.
Hedge Fund Blogs From HedgeCo.Net  Jan 15  Comment 
Connecticut Post - It was with amusement that I read that freshman U.S. Rep. Jim Himes, D-4, will now be a member of the House Financial Services Committee. Why? Because of his expertise? Does anyone realize that he was trained and made millions...
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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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