most favored nation
- (MFN)GATT* trade understanding that no other nation will receive special privileges. If a trade barrier is reduced between any two members of GATT, the benefit is extended to all other GATT members under MFN principle.
American business jargon. 2014.
Look at other dictionaries:
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 — ➔ nation … Financial and business terms
most favored nation — n. A nation that is accorded the most favorable rights and privileges, especially trade rights, that can be granted by another nation. abbrv. MFN The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney… … Law dictionary
most favored nation — n. a nation to which privileges of trade are extended under a government policy of giving the same privileges to all nations that are given to any one of them, sometimes depending on whether certain conditions, as of reciprocity, are met * * * … Universalium
most favored nation — n. a nation to which privileges of trade are extended under a government policy of giving the same privileges to all nations that are given to any one of them, sometimes depending on whether certain conditions, as of reciprocity, are met … English World dictionary
most-favored-nation — adjective 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 • Pertains to noun: ↑commercial treaty * * * ˈ ̷ ̷ˈ ̷ ̷ ̷ ̷ˈ ̷ ̷ ̷ ̷… … Useful english dictionary
most-favored-nation — /mohst fay veuhrd nay sheuhn/, adj. of or pertaining to the status, treatment, terms, etc., that are embodied in or conferred by a most favored nation clause. [1750 60] * * * … Universalium
most favored nation — A privilege granted by one country to another whereby the products of the privileged country pay the lowest delivered duty paid charged by the granting country. Bloomberg Financial Dictionary … Financial and business terms
Most-favored-nation clause — (Diplomacy), A clause, often inserted in treaties, by which each of the contracting nations binds itself to grant to the other in certain stipulated matters the same terms as are then, or may be thereafter, granted to the nation which receives… … The Collaborative International Dictionary of English
most favored nation clause — + Most Favored Nations Provision (MFN) USA This term has a number of meanings. In the context of: • Finance, business jargon for the concept that the first party will be entitled to at least as favorable terms as a second party in specified… … Law dictionary