Webster's Revised Unabridged Dictionary, published 1913 by G. & C. Merriam Co.
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In essence, the bilateral trade agreements provided most-favored nation guarantees, "either in its absolute form, or under the form of a conditional (compensational) favoredness, occasionally giving way to preferential regulations more or less extensive in scope." (54) Two concrete examples--the issue of concessions and foreign debt--show the extent to which Soviet leaders bowed to foreign pressure during this time.
By "compensational favoredness," Korovin meant the right of the Soviet state to apply preferential regulations to commerce "with the border states, forming, prior to 1917, part of the Russian Empire...." Id.