If you plan to bring your car to the same valet stand in the future, the valet parkers remember if you left a bad tip. âTwo dollars is ... cheap. Three dollars is better,â Ryder said. âFour dollars is appreciated more. Five dollars is great. Ten dollars is lavish.
Insurance Grace Period. DEFINITION of 'Insurance Grace Period'. A period of time after the premium due date in which a policyholder is able to make a premium payment without the insurance policy coverage lapsing. The insurance grace period can vary depending on the insurer and policy type.
The mortgage grace period is the period of time during which a loan payment may be made after its due date without incurring a late penalty. The grace period on mortgage payments is specified as part of the terms of the loan in the Note. It typically will start the day after the official mortgage due date and run for one or two weeks. Payment grace periods apply only to mortgages on which interest is calculated monthly. Simple interest mortgages do not have a grace period because interest accrues daily.