Home > Term: grandfather clause
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.
- Kalbos dalis: noun
- Pramonės šaka / sritis: Financial services
- Category: General Finance
- Company: Bloomberg
0
Kūrėjas
- Jessehe
- 40.13% positive feedback