| 单词 | grandfather provision |
| 释义 | grandfather provision From Longman Business Dictionarygrandfather provisionˈgrandfather proˌvision [countable]LAW when new rules are introduced, the right for existing organizations etc to continue to use the old rulesThe SEC prohibited public firms from issuing multiple classes of stock with unequal voting rights, but there was a grandfather provision allowing companies with two classes of stock already in place to keep them. → provision |
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