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prolonged grace period

[prəˈlɔːŋd ɡreɪs ˈpɪriəd]
noun phrasepl: prolonged grace periods
período de carência prolongado
1. An extended period of time granted to a debtor or borrower during which they are not required to make payments or fulfill obligations, typically before penalties or default occurs
The bank offered a prolonged grace period of six months to help customers affected by the economic crisis.
O banco ofereceu um período de carência prolongado de seis meses para ajudar os clientes afetados pela crise econômica.
2. A temporary exemption or delay in the enforcement of a deadline, contract term, or legal obligation
The student received a prolonged grace period to submit her thesis due to medical reasons.
A estudante recebeu um período de carência prolongado para entregar sua tese devido a razões médicas.
Synonyms
extended grace periodlengthened defermentextended moratoriumprolonged deferement
Antonyms
short grace periodimmediate paymentaccelerated deadline

Regional Variations

General Brazilian
período de carência prolongado
Most commonly used in financial and legal contexts
São Paulo
período de carência estendido
Alternative formal usage in business environments
Portugal
período de graça prolongado
Preferred in Portuguese European Portuguese, particularly in banking

Related Idioms & Phrases

to grant a grace period
grace period expires
within the grace period
extend the grace period
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