Chinese Ch'an. Buddhism. a Mahayana movement, introduced into China in the 6th century a.d. and into Japan in the 12th century, that emphasizes enlightenment for the student by the most direct possible means, accepting formal studies and observances only when they form part of such means.
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The grace period on a car loan is the time between your due date and the point at which the lender actually treats your payment as late. Grace periods vary, but 10 days is standard, according to Autos.com. This grace period means that you have 10 days from your due date to get your payment in to avoid late fees.