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most-favored-nation

[ mohst-fey-verd-ney-shuhn ]
/ ˈmoʊstˈfeɪ vərdˈneɪ ʃən /
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adjective
of or relating to the status, treatment, terms, etc., that are embodied in or conferred by a most-favored-nation clause.
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Origin of most-favored-nation

First recorded in 1750–60

Words nearby most-favored-nation

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022

How to use most-favored-nation in a sentence

Cultural definitions for most-favored-nation

most-favored-nation

Status in an international trading arrangement whereby agreements between two nations on tariffs are then extended to other nations. Every nation involved in such an arrangement will have most-favored-nation status. This policy is used, particularly by the United States, to lower tariffs, extend cooperative trading agreements, and protect nations from discriminatory treatment. Most-favored-nation agreements can also be used to apply economic pressure on nations by deliberately excluding them from international trade.

The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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