Term of the Day: Grandfathered Activities

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	INVESTOPEDIA Term Of The Day July 24, 2015 Grandfathered Activities Nonbank activities, some of which would normally not be permissible for bank holding companies and foreign banks in the United States, but which were acquired or engaged in before a particular date and are therefore subject to the older rules. Such activities may be continued under the "grandfather" clauses of the Bank Holding Company Act and the International Banking Act of 1978. Breaking It Down: Any law can have a grandfather clause that allows the old rule to apply to existing situations and the new rule applies... Read More Related to "Grandfathered Activities" The Evolution Of Banking With the exception of the extremely wealthy, very few people buy their homes in all-cash transactions. Most of us need a mortgage, or some form of... Read More Clearing House A clearing house is a third-party agency or separate entity that acts as a go-between for buyers and sellers in... Read More Analyzing A Bank's Financial Statements Financial statements for banks present a different analytical problem than statements for manufacturing and... Read More Recently Added Definitions Sprexit Sprexit, or SPanish euRo exit, is the possible case of Spain leaving the euro common currency and re-establishing its own separate... Read More Open Architecture The option offered by an investment firm to let its clients invest not just in that firm's financial products... Read More Related Definitions Foreign Branch Bank Grandfather Clause Investment Bank - IB Merchant Bank Commercial Bank Past Terms of the Day Touchline Himalayan Option Wrongful Termination Claim Escrow Agent Boutique You are currently subscribed as: mondemand.forex@blogger.com Unsubscribe | Unsubscribe From All | Manage Profile Investopedia US, A Division of IAC. Copyright © 2015, Investopedia, LLC. All Rights Reserved Follow Us: