Meanings (ES + gloss)
periodo de gracia m período agraciado
A length of time during which rules or penalties are waived or deferred.
(Of course, if an insured dies during the grace period, the unpaid annual premium or instalment thereof is past due and therefore is deducted from the death benefit.)
The fees begin to accrue after a one-month grace period.
Phrases
No hay frases
Word forms