<Table> <Tr> <Td> </Td> <Td> Look up grace period in Wiktionary, the free dictionary . </Td> </Tr> </Table> <Tr> <Td> </Td> <Td> Look up grace period in Wiktionary, the free dictionary . </Td> </Tr> <P> A grace period is a period immediately after the deadline for an obligation during which a late fee, or other action that would have been taken as a result of failing to meet the deadline, is waived provided that the obligation is satisfied during the grace period . Grace periods can range from a number of minutes to a number of days or longer, and can apply in situations including arrival at a job, paying a bill, or meeting a government or legal requirement . </P> <P> In law, a grace period is a time period during which a particular rule exceptionally does not apply, or only partially applies . For the grace period in patent law, see novelty (patent). </P>

What does a 15 day grace period mean