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What Is Days Of Grace? |
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Answer» A BILL FALLS DUE only on the third day after the day on which it is STATED to be payable. These extra days allowed for the payment of a bill is CALLED the ‘Days of Grace’. A bill falls due only on the third day after the day on which it is stated to be payable. These extra days allowed for the payment of a bill is called the ‘Days of Grace’. |
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