What Is the Most-Favored-Nation Clause? A most-favored-nation (MFN) clause requires a country providing a trade concession to one trading partner to extend the same treatment to all. Used in trade treaties for hundreds of years, the MFN clause and its principle of universal equal treatment underpin the World Trade Organization. In U.S. trade legislation, most-favored-nation
What Is Moore’s Law? Moore’s Law states that the number of transistors on a microchip doubles every two years. The law claims that we can expect the speed and capability of our computers to increase every two years because of this, yet we will pay less for them. Another tenet of Moore’s Law asserts that this
What Is Moral Obligation Bond? Moral obligation bond is a tax exempt revenue bond issued by a municipality, or similar government body, that carries with it a moral, though not legal, commitment to avoid defaulting on payments, even it means appropriating funds from elsewhere. Key Takeaways Moral obligation bond is a tax exempt revenue bond
What Is Moral Suasion? Moral suasion is the act of persuading a person or group to act in a certain way through rhetorical appeals, persuasion, or implicit and explicit threats—as opposed to the use of outright coercion or physical force. In economics, it is sometimes used in reference to central banks. Key Takeaways Moral suasion
What Is a Moratorium? A moratorium is a temporary suspension of an activity or law until future consideration warrants lifting the suspension, such as if and when the issues that led to moratorium have been resolved. A moratorium may be imposed by a government, by regulators, or by a business. Moratoriums are often imposed in
What Is the Morbidity Rate? Morbidity rate refers to the rate at which a disease or illness occurs in a population and can be used to determine the health of a population and its healthcare needs. Illnesses can range from acute to chronic, long-lasting conditions. Morbidity rates are also used in actuarial professions, such as
What Is Morganization? Morganization is the name given to monopolization techniques used by investor and banking mogul J.P. Morgan in the 19th century. Morgan used his reputation to lure European financiers into America by taking over an industry and stabilizing it through monopoly. Morgan would then turn the industry into a single, stable, profitable entity that
What Is a Morning Star? A morning star is a visual pattern consisting of three candlesticks that are interpreted as bullish signs by technical analysts. A morning star forms following a downward trend and it indicates the start of an upward climb. It is a sign of a reversal in the previous price trend. Traders
What Is Morningstar Inc.? Morningstar is a Chicago-based investment research firm that compiles and analyzes fund, stock, and general market data. They also provide an extensive line of internet, software, and print-based products for individual investors, financial advisors, and institutional clients. The research reaches all corners of the world, including North America, Europe, Australia, and Asia. Among its
What Is a Morris Plan Bank? The term Morris Plan Bank refers to a type of bank that was established to lend money to individuals who could not otherwise obtain loans from mainstream banks. The name is derived from the Virginia lawyer Arthur Morris, who founded the Fidelity Savings & Trust Corporation in 1910. There
