| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,507,737,429 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
grandfathering |
Also found in: Dictionary/thesaurus, Medical, Legal, Idioms, Encyclopedia, Wikipedia | 0.02 sec. |
grandfathering In regulation, permission to continue an old practice even though it does not conform to new standards, provided it was practiced prior to the effective date of the new standards. For example, if Congress were to pass a law subjecting the automotive industry to certain carbon emissions standards, cars manufactured prior to the effective date of the legislation would likely be grandfathered and not be subject to the regulation. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| ? Mentioned in | ? References in periodicals archive | |
|---|---|---|
| 2601-1(b) (1)(i) was a reasonable interpretation of the grandfathering provision contained in Section 1433 (b)(2)(A) of the Tax Reform Act of 1986 (TRA '86). The fourth edition of the UAA also extends the grandfathering provision: All CPAs licensed as of the date a jurisdiction receives its notice of substantial equivalency from NQAS are eligible to use the substantial equivalency provision for interstate practice. This 'transmission' role is confirmed by Waldrop et al's (1999) report on grandfathering. |
| Financial Dictionary |
| Free Tools: |
For surfers:
Browser extension |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|