most-favored-nation most-favored-nation

Definition(s):

  • (adj) of or relating to a commercial treaty where two nations agree to accord each other the same favorable terms that would be offered in treaties with any other nation

Usage(s):

  1. In other words, it upholds the principle of most-favored-nation treat-ment, i.
  2. Particularly endangered is the island's most-favored-nation status.

Quotes

  • In a press release issued last year, then-USTR Rob Portman said, "Saudi Arabia is legally obligated to provide most-favored-nation treatment to all WTO Members, including Israel."
    on Jun 24, 2006 By: Rob Portman Source: Jerusalem Post

Word of the Day
affectation affectation
/ˌæ fɛk ˈteɪ ʃən /