Grace Period

period of time in which the performance of a functionary is not evaluated, temporary immunity; extension of deadline to meet an obligation

A grace period is a period of time past the deadline for fulfilling an obligation during which a penalty that would be imposed for being late is waived. Grace periods, which can range from a number of minutes to a number of days or longer, depending on the context, can apply in various situations, including arrival at a job, paying a bill, for meeting government or legal requirement, or in many other situations.
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The time period stipulated in most loan contracts and insurance policies in which a late payment will not result in default or cancellation .

B: (Matematika) masa tenggang
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