Grandfather clause

Allowable continuance, based on practice prior to legislation, of a practice NOW forbidden by new legislation.

Related Terms: 5 Bid, Base, Leg, Low, NOW

Other Related Pages: Category: Law_and_Estate_Planning Starting With: G

Additional Related Terms: 52-week low, Allowance for depreciation, Accrual of discount, Amortization of premium, At par, All or any part, At best, At call, All-risks coverage, At risk