GRACE PERIOD

grace period. 1. A period of extra time allowed for taking some required action (such as making payment) without incurring the usual penalty for being late. • Insurance policies typically provide for a grace period of 30 days beyond the premium’s due date, during which the premium may be paid without the policy being canceled.…

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GRAB LAW

  grab law.The various means of debt collection involving remedies outside the scope of federal bankruptcy law, such as attachment and garnishment; aggressive collection practices. [Cases: Attachment 1; Garnishment 1. C.J.S. Attachment §§ 2–4, 7.]  [Blacks Law 8th]

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GPO

GPO.abbr.GOVERNMENT PRINTING OFFICE.  [Blacks Law 8th]

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GPARM

GPARM. See graduated-payment adjustable-rate mortgage under MORTGAGE.  [Blacks Law 8th]

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GOVERNOR

governor. The chief executive official of a U.S. state. • Governors are elected and usu. serve a two- or four-year term. [Cases: States 41. C.J.S. States §§ 88–90, 130–131.] [Blacks Law 8th]

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GOVERNMENT-SURVEY SYSTEM

  government-survey system.A land-description method that divides the United States into checks or tracts of ground, which are further broken down into smaller descriptions, such as metes and bounds.   [Blacks Law 8th]

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