most´fa´vored-na´tion

most´fa´vored-na´tion
the nation receiving from another nation the most advantageous terms in respect to duties, tariffs, and quotas of commodities. Terms granted to the most favored nation are frequently taken as the standard, fixing the terms to be granted by the other nation to a third, in treaties or trade agreements.
–most´fa´vored-na´tion, adjective.

Useful english dictionary. 2012.

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  • most favored nation — most favored nation, the nation receiving from another nation the most advantageous terms in respect to duties, tariffs, and quotas of commodities. Terms granted to the most favored nation are frequently taken as the standard, fixing the terms to …   Useful english dictionary

  • most–favored–nation clause — most–fa·vored–na·tion clause n: a clause in a treaty granting to a nation in certain stipulated matters the same terms as are then or may thereafter be granted to any other nation Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

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