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.
Expected Types
| Type | Description |
|---|---|
| Duration | Quantity: Duration (use ISO 8601 duration format). |
Used on Types
| Type | Description |
|---|---|
| LoanOrCredit | A financial product for the loaning of an amount of money, or line of credit, under agreed terms and charges. |