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gracePeriod

This term is proposed for full integration into Schema.org, pending implementation feedback and adoption from applications and websites.

Thing > Property > gracePeriod

The period of time after any due date that the borrower has to fulfil its obligations before a default (failure to pay) is deemed to have occurred.
Values expected to be one of these types
Duration
Used on these types
LoanOrCredit

Source

https://github.com/schemaorg/schemaorg/issues/1253

Acknowledgement

This element is based on the work of the Financial Industry Business Ontology project (see http://www.fibo.org/schema for details), in support of the W3C Financial Industry Business Ontology Community Group (http://www.fibo.org/community). Many class and property definitions are inspired by or based on http://www.fibo.org.