Interest-Free Period: Canada Debt .ca defines Interest-Free Period

Bankruptcy Term Interest-Free Period

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Canada Debt has the definition to the bankruptcy and debt term Interest-Free Period. Finding answers to terms such as Interest-Free Period can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Interest-Free Period in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Interest-Free Period' is used as follows:

The interest-free period on new purchases starts on the date you make a purchase and ends when the credit card issuer begins charging you interest on that purchase. The interest-free period includes the grace period determined by the credit card issuer. It may not apply unless certain conditions are met.