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.
One definition of the term grace period applies to your monthly mortgage payment due date. You have a number of days beyond that date to remit your payment before late fees apply. Depending on the type of mortgage, paying within a certain period can also reduce interest accrual.