CFR > Title 47 > Chapter I > Subchapter A > Part 13 > General
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Terms Used In CFR > Title 47 > Chapter I > Subchapter A > Part 13 > General
- Grace period: The number of days you'll have to pay your bill for purchases in full without triggering a finance charge. Source: Federal Reserve
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.