Which is an interest-free period that is to be given by a creditor to debtor? A. Fixed Period B. Preset Period C. Grace Period D. None of the Above

Which is an interest-free period that is to be given by a creditor to debtor? A. Fixed Period B. Preset Period C. Grace Period D. None of the Above
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C. Grace Period Explanation: The grace period is the provision in most loan and insurance contracts which allows payment to be received for a certain period of time after the actual due date. During this period no late fees will be charged, and the late payment will not result in default or cancellation of the loan.
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