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Question 18 (1 point) Additional or extra time that a person is given to make a payment on a loan without being charged additional fees. Gamishment b Creditor b Wage Assignment Grace Period

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Question 18 (1 point)
Additional or extra time that a person is given to make a payment on a loan without being charged additional fees.
Gamishment
b Creditor b
Wage Assignment
Grace Period

Question 18 (1 point) Additional or extra time that a person is given to make a payment on a loan without being charged additional fees. Gamishment b Creditor b Wage Assignment Grace Period

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PercyMaster · Tutor for 5 years

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D

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When it comes to loan repayment, the term refers to a period of time beyond the due date during which no late fees apply, which is an predetermined length of time following a payment deadline during which the penalty or default condition for non-payment is not enforced. This term, in the context of loan payment, is recognised as a "Grace Period." Hence, filling in the blank, it reads; Additional or extra time that a person is given to make a payment on a loan without being charged additional fees is called a 'Grace Period'.
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