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grandfather
(redirected from grandfathering)

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Encyclopedia, Wikipedia 0.02 sec.
(a) grandfather clause
a clause in an agreement that protects certain rights granted in the past even when conditions change in the future. The contract contained a grandfather clause that protected my pension payments against claims such as might arise from a future lawsuit.

grandfather someone or something in

to protect someone or a right through the use of a grandfather clause. My payments were grandfathered in years ago.


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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.
 
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