Grace Period

This Issue in United States

Grace Period

Concept of Grace Period in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): A period, normally 30 days, in which a borrower is permitted to make interest or principal payments that it has missed.

Resources

See Also

• Derivatives Contract

Grace Period Extension

Concept of Grace Period Extension in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): An optional term in a credit default swap which applies a grace period to a potential failure to pay credit event in order to determine whether an actual credit event has occurred.

Resources

See Also

• Derivatives Contract