G

Time of indulgence granted to an acceptor or maker for the payment of his bill of exchange or note. It was originally a gratuitous favor, (hence the name,) but custom has rendered it a legal right. … [Read more...] about GRACE , DAYS OF

Having adequate or substantial grounds upon which to do something (e.g. make a ruling) or not to do something. … [Read more...] about GOOD CAUSE

A wear, pool, or pit of water. Termes de la Ley. … [Read more...] about GORCE , OR GORS.

Usually used with regard to credit card bills, it is a time when a debtor is not required to make payments on a debt nor accrue interest. Most credit cards allow a 20-30 day grace period from the billing date from which no interest charges are accrued and the debt may be paid in full. Cash advances have no grace period and interest accrues from the withdrawal date. … [Read more...] about GRACE PERIOD

contracts. A good consideration is one which flows from kindred or natural love and affection alone, and is not of a pecuniary nature. … [Read more...] about GOOD CONSIDERATION