第一，情景对话

A: I'm sorry. I can't pay my tuition fee.

对不起。我今天不能交学费。

B: It's OK. We're allowing a grace period until Friday.

没关系，我们可以宽限到星期五。

A: That's great.

太好了。

第二，词海拾贝

grace period：宽限期

e.g. Our pay-off period can be as long as 15 year, not including 3 year grace period.

我们的偿付期可达15年之久，不包括3年的宽限期。

The grace period allowed a new President to be briefed and to set his own tactics is over.

新任总统听取汇报和决定自己策略的宽限期已经过了。