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grandfather clause
(redirected from grandfathering)

   Also found in: Dictionary/thesaurus, Legal, Financial, Idioms, Encyclopedia, Wikipedia 0.04 sec.
grandfather clause
Any policy or rule that exempts a group of individuals, organizations, or drugs, from meeting new standards or regulations; eg when a new subspecialty board in internal medicine is created, the physicians practicing in that area may be 'grandfathered' into the subspecialty and not required to meet residency or other educational requirements


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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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