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 Definition of Grandfather clause - Finance dictionary
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Grandfather clause
Refers to a clause in a government regulation which (generally temporarily) authorises the continuation of a now forbidden action, but only to the extent such action had been entered into before this new piece of regulation.
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Definitions of terms begining
with the same letter as "Grandfather clause"
:
Grandfather clause
Refers to a clause in a government regulation which (generally temporarily) authorises the continuation of a now forbidden action, but only to the extent such action had been entered into before this new piece of regulation.
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