Grandfathered Activities
Definition of 'Grandfathered Activities'Nonbank activities, some of which would normally not be permissible for bank holding companies and foreign banks in the |
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Investopedia explains 'Grandfathered Activities'Any law can have a grandfather clause that allows the old rule to apply to existing situations and the new rule applies to all futures situations. To grandfather is to grant such an exemption. |
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