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Grandfather clause
(redirected from Grandfather rights)

    Also found in: Medical, Legal, Encyclopedia, Wikipedia 0.01 sec.
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.


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Commerzbank currently underwrites and deals in bank-ineligible securities through Commerzbank Capital Markets Corporation, New York, New York, pursuant to grandfather rights established by section 8(c) of the IBA.
Order Approving the Formation and Acquisition of a Bank Holding ... by Federal Reserve Bulletin
To those who still insist on term limits, I'd make a suggestion: no grandfather rights for incumbents.
The case for the clean slate by Rowe, Jonathan / Washington Monthly
The duration of grandfather rights should also be reviewed.
BAA Response to Conclusion of Competition Review by Business Wire
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