TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

days of grace [3 records]

Record 1 2024-04-03

English

Subject field(s)
  • Banking
  • Accounting
  • Government Accounting
  • Negotiable Instruments (Commercial Law)
DEF

The extra time allowed by law for payment of a debt after its stated due date.

CONT

In determining the legal due date of all notes or bills, except notes payable on demand, three days of grace are added to the time of payment fixed by the note.

French

Domaine(s)
  • Banque
  • Comptabilité
  • Comptabilité publique
  • Effets de commerce (Droit)
DEF

Délai que la loi accorde à un débiteur pour régler une dette après son échéance.

CONT

les jours de grâce qui [...] accordent au signataire un délai en lui permettant de ne payer l'effet que le troisième jour après l'échéance.

OBS

Au Canada, ce délai est de trois jours pour les effets de commerce autres que ceux qui sont payables sur demande ou sur présentation.

Spanish

Save record 1

Record 2 2001-03-07

English

Subject field(s)
  • Life Insurance
  • Insurance
DEF

A specified time after a policy's premium payment is due, in which the protection of the policy continues subject to the actual receipt of premium within that time.

OBS

Days of grace: Term usually used in plural.

French

Domaine(s)
  • Assurance sur la vie
  • Assurances
DEF

Délai qui est accordé au titulaire d'un contrat d'assurance pour le paiement des primes venant à échéance et pendant lequel les garanties demeurent en vigueur.

OBS

Ce délai est habituellement de 30 ou 31 jours.

Spanish

Campo(s) temático(s)
  • Seguro de vida
  • Seguros
DEF

Período de tiempo durante el cual, aunque no esté cobrado el recibo de prima, surten efecto las garantías de la póliza en caso de siniestro.

Save record 2

Record 3 1999-11-23

English

Subject field(s)
  • Law of the Sea
  • War and Peace (International Law)
CONT

In former times International Law empowered States when war was impending, or at its outbreak, to lay an embargo upon all enemy merchantmen in their harbours in order to confiscate them. Further, enemy merchantmen at sea could at the outbreak of war be captured and confiscated, although they did not even know of the outbreak of war. As regards enemy merchantmen in the harbours of the belligerents, it became, from 1854, during the Crimean War, a usage followed by some countries that no embargo should be laid on them for the purpose of confiscating them, and that a reasonable time, so-called days of grace, should be granted them to depart unmolested; but no rule was in existence until the Second Hague Conference of 1907, which produced a Convention (VI.) "relative to the Status of Enemy Merchant-ships at the Outbreak of hostilities».

French

Domaine(s)
  • Droit de la mer
  • Guerre et paix (Droit international)
CONT

[...] une pratique plus libérale, consacrée par la VIe Convention de la Haye (18 oct. 1907), prévoyait le bénéfice de l'indult (ou délai de grâce) au profit des navires de commerce surpris en port ennemi au début des hostilités; dénoncée par le Royaume-Uni en 1925, cette libéralisation n'a plus trouvé d'application dans les faits [...].

OBS

Le terme anglais «indult» est également employé dans les ouvrages français.

Spanish

Save record 3

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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