Global depositary receipts are instruments used on capital markets. The essence of this instrument is simple. Part of a domestic issuer’s ordinary shares are purchased via a manager by a foreign bank (a so-called depositary bank), to which the ownership rights associated with the ownership of the original shares pass.

This may be a new share issue or shares from the secondary market. The foreign bank then issues a corresponding number of GDR in respect of these shares, with the number of receipts issued in respect of one share being determined in advance.

Grace period is one of the main advantages of credit cards. During this period (up to 45 days) you do not pay interest from the amount drawn from the credit card, regardless of how this amount was drawn (i.e., card payment, cash withdrawal, bank transfers to other accounts). You are therefore borrowing money from the bank with zero interest, i.e., free of charge.
The advantage of grace period is used for the whole amount drawn within the billing period (usually from the 6th day of the month to the 5th day of the following month), if the installment is paid within the 20th day of the month in which you receive the Account statement to credit card. You can also set up an automatic installment in KB (so-called Charge function) which takes care for timely repayment within the grace period.
If you do not pay the whole drawn amount back, then the grace period is not used and you will pay the minimum monthly installment.
For more on how the interest-free period works see "Credit card repayment scheme".

A person (physical entity - Individual or a legal entity), which undertakes to take over the repayment of a loan (credit), in case the obligation is not paid off properly and in a timely manner by the debtor/co-debtor.