If you plan to bring your car to the same valet stand in the future, the valet parkers remember if you left a bad tip. âTwo dollars is ... cheap. Three dollars is better,â Ryder said. âFour dollars is appreciated more. Five dollars is great. Ten dollars is lavish.
Insurance Grace Period. DEFINITION of 'Insurance Grace Period'. A period of time after the premium due date in which a policyholder is able to make a premium payment without the insurance policy coverage lapsing. The insurance grace period can vary depending on the insurer and policy type.
Definition of 'grace period'. Word Frequency. grace period (É¡reÉªs ËpÉªÉrÉªÉd) noun. law , finance. a period of time allowed before something has to be finished or before a debt or loan has to be repaid. Long-term loans are commonly repaid in a steady, regular way, perhaps after an initial grace period.