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This may take the form of an interest rate subsidy or an extended grace period.
Polluters have a 20day grace period to pay the monthly/quarterly levy, after which the required payment increases by 0.1 per cent per day.
There was no such thing as a twenty-minute grace period.
Further, if we analyse the full model for major parties only, the interaction of grace period and time is not significant.
The estimate for the interaction of grace period and time is significant at the 0.05 level, but all other interactions are insignificant.
It is important to note that the addition of grace period to the model has no effect on the estimated coefficients for the other covariates or their significance.
If we remove grace period from the model, and test for the time-dependence of the remaining covariates interacted with time, none of these interactions is significant.
Now comes a new attempt to extend the grace period to eight years for countries where high levels of protection are currently in force.
The second defect is that the grace period of five years creates rather a long delay.
It is quite illogical and mistaken to associate and identify the grace period with the rate of duty.
It is misguided to allow that grace period to enable someone to come to terms with the discipline of the order.
If the appeal is unsuccessful, the 14 days' grace period begins only after the time limit for a further appeal has expired.
A grace period would presumably lead to more wrangles over who owns the rights to an invention which has already been made public.
However, there may be a need for a grace period related to the academic year, especially as regards admission to educational establishments.
These loans will be repayable over 25 years, with a grace period of 7 years before repayments of capital begin.