grace

grace grace [greɪs] noun [uncountable]
1. additional time that is allowed before a payment must be made:

• Paraguay was granted a new period of 20 years, with eight years' grace, for the payment of its $436 million debt to Brazil.

• They have a grace period of ten years on the payment.

2. a fall from grace when someone or something suddenly becomes much less successful or much less popular:

• Philadelphia's economy has escaped the fall from grace seen in other Northeastern cities.

3. fall from grace to become suddenly much less successful or much less popular:

• As drug stocks fell from grace, prices of oil stocks rose.

* * *

grace UK US /greɪs/ noun [U]
extra time after the normal date that a payment should be made, work should be finished, etc. during which there is no punishment for being late: give sb a month's/a week's/two weeks', etc. grace »

The bank gives customers a week's grace before charging a late fee.

»

China will give foreign companies up to a two-year grace period before taxing their capital goods imports.

See also FALL(Cf. ↑fall) noun

Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • GRÂCE — Le mot «grâce» et la réalité qu’il désigne ont une importance centrale dans la vie de l’humanité, et particulièrement dans l’histoire et la théologie chrétiennes. S’il est vrai que tout homme souffre d’un sentiment diffus et non expliqué de… …   Encyclopédie Universelle

  • grace — GRACE. s. f. Faveur, bon office qu on fait à quelqu un sans y estre obligé. S il vous accorde telle chose, ce sera une pure grace. je vous demande cette grace. je vous demande cela en grace. faites moy la grace de .... je tiens cela de vostre… …   Dictionnaire de l'Académie française

  • grace — Grace, bien et plaisir qu on fait à celuy qui ne l a deservi, Gratia. Bonnegrace, Elegantia. Bonnegrace et contenance, Palaestra, B. ex Cic. Cela n a point de grace, Non habet genium, Bud. ex Martiale. Qui a mauvaise grace, Inconcinnus homo,… …   Thresor de la langue françoyse

  • Grace — (gr[=a]s), n. [F. gr[^a]ce, L. gratia, from gratus beloved, dear, agreeable; perh. akin to Gr. ? to rejoice, cha ris favor, grace, Skr. hary to desire, and E. yearn. Cf. {Grateful}, {Gratis}.] 1. The exercise of love, kindness, mercy, favor;… …   The Collaborative International Dictionary of English

  • Grace — may refer to:Religion* Grace (prayer), said before or after a meal * Divine grace, unearned favors received from God. * Prevenient grace, an Augustine Christian theological concept * Irresistible grace, a Calvinistic Christian theological concept …   Wikipedia

  • Grace — bezeichnet: Grace (Vorname), ein weiblicher Vorname Grace (Fernsehserie), eine US amerikanische Fernsehserie Grace (Band), ein Dancemusic Projekt von Paul Oakenfold und Steve Osborne (1994–1997) Grace (Album), ein Album von Jeff Buckley, das… …   Deutsch Wikipedia

  • Grace — (en español: Gracia) puede referirse a: Contenido 1 Personajes 2 Música 3 Miscelánea 4 Véase también …   Wikipedia Español

  • GRACE — Typ: Forschungssatellit Land (Organisation): USA/Deutschland (NASA/DLR) NSSDC ID: 2002 012A/B Missionsdaten Trägerrakete …   Deutsch Wikipedia

  • Grace — • Leads to four articles on the subject Catholic Encyclopedia. Kevin Knight. 2006. Grace     Grace     † …   Catholic encyclopedia

  • grace — [grās] n. [ME < OFr < L gratia, pleasing quality, favor, thanks < gratus, pleasing < IE base * gwer , to lift up the voice, praise > Sans gṙṅāti, (he) sings, praises & OIr bard, bard] 1. beauty or charm of form, composition,… …   English World dictionary

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