InvestorWords.com

grace period


Definition
The additional period of time a lender or insurance policy issuer provides for a borrower to make payment on a debt without penalty.

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4 Ways to Save Money by RefinancingHere are ways to save money by refinancing -- by paying a loan off "early" with a new, better loan.
1. Know when refinancing a mortgage makes sense. According to the Consumer Action Handbook publ ... Read more


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