anactivity,person,group, etc. that is grandfathered is notcoveredby a newlawbecause of agrandfatherclause:Currentinvestorswill be grandfathered so theoldrulesapplytotheirexistingaccounts.(Definition ofgrandfatheredfrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofgrandfathered
grandfatheredUnder appropriate conditions, the lump sum distribution can equal the economic value of suchgrandfatheredtradable permits.From theCambridge English CorpusJust over half, 54.5 per cent, of workers aged 50 with ten years of service at conversion were fullygrandfatheredfor retirement at age 55.From theCambridge English CorpusThe paper then discusses how different emission control instruments, including emissions taxes, auctioned emissions permits, andgrandfatheredemissions permits, provide incentives for innovation.From theCambridge English CorpusFor those who wait until age 65, however, the share ofgrandfatheredworkers drops to less than half, 46.7 per cent.From theCambridge English CorpusIf an industry is not yet privatized, then another avenue exists for a government to collect rent from pollution tax credits orgrandfatheredquotas.From theCambridge English CorpusFor workers age 50 at the time of conversation, the likelihood of beinggrandfatheredor receiving higher benefits rose with years of service.From theCambridge English CorpusNearly two-thirds of 50-year-old workers with 25 years of service were fullygrandfatheredin their old plan benefit if they retire at age 55 under their new plan.From theCambridge English CorpusSelling the firm in a market transaction can capture a significant amount if not all of the rent given the firm through tax credits orgrandfatheredpermits.From theCambridge English CorpusOnly about one-third of workers at this age and service would begrandfatheredin their old plan benefit if they wait until age 65 to retire.From theCambridge English CorpusContinuing the parallel between tax credits andgrandfatheredpermits, it is possible to design tax systems that add a time dimension to the tax or to the tax credit.From theCambridge English CorpusThe transitional arrangements will be highly complicated and retrospective for those who were specificallygrandfatheredwhen the original pension cap was introduced in 1989.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0The slots aregrandfatheredand are effectively a large gift from the taxpayer.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0As we have pointed out, those rules are intended to begrandfatheredso as to avoid the need for the consultation procedure, and will not be subject to cost-benefit analysis.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0Eleven districts received an approval forgrandfatheredconstruction debts.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Players who weregrandfatheredin could choose to wear a helmet without ear flaps.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/grandfathered##
