grandfather clause investment & finance definition
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A provision that allows a practice or procedure to continue, even though it is now prohibited.
Grandfather clause
A company being allowed to continue with an action that is currently prohibited due to the fact that the law was put into action after the company had started to act.
Grandfather Clause
An exemption that allows persons or entities to continue with an activity they were engaging in before it became illegal through a change in regulation.
Gross Income ...
Grandfather clause
A provision included in a new rule or regulation that exempts a business that is already conducting business in the area addressed by the regulation from penalty or restriction.
Buffett has a point about the grandfather clause. New contracts should be listed. But what to do about all that money out there that is questionable? I know, you only have to redo the contracts if you stock sells for less than $100K per share.
grandfather clause An allowable continuance, based on practice prior to legislation, of a practice now forbidden by new legislation. grant Any kind of funding for a nonprofit organization, generally for a specific project.
 See also: Standard, Close, Share, Rally, Period
  
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