The Wretched Refuse of Your Teeming Shores. Take a close look at those refugees who are fleeing the war-torn Middle East and trying desperately to save their lives by escaping to Europe. Look at their faces. Examine their clothing.
Definition of grace period. : a period of time beyond a due date during which a financial obligation may be met without penalty or cancellation.
The Interest-Free period (also called grace period) is the time when you are not charged interest on new purchases. Balance Transfers, Checks, Cash Advances and Overdraft Advances do not have an interest-free period.