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
mossy horn, most, Mostaganem, Mostar, mostest, most-favored-nation, most-favored-nation clause, Most Honourable, mostly, Móstoles, Most Reverend
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Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021
Example sentences from the Web for most-favored-nation
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.