Org.AI FoundationSchemaPartner

gracePeriod

The period of time after any due date that the borrower has to fulfil its obligations before a default (failure to pay) is deemed to have occurred.

Value
Duration
Used on
LoanOrCredit
Source
Schema.org 30.1

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Used on
gracePeriod
Its value
A LoanOrCredit can have a gracePeriod, and its value is a Duration.

Used on

One type has a gracePeriod, and so does every type that descends from it.

Its value

Its value is a Duration.

Where this comes from

Quoted from Schema.org, and credited. Nothing in this definition is written by us.

  1. Published by
    Schema.orgschema.org/gracePeriod
  2. Release
    Version 30.116 September 2026
  3. Proposed in
    Schema.org issue 1253
  4. License
    CC BY-SA 3.0Free to copy and adapt, with credit, under the same licence
  5. Changed by us
    Nothing.

Use this property

Its definition is free to reuse, with credit to Schema.org. The same property is here as data, for programs and for language models.

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