The term NORTH ATL. NATION is an acronym for the North Atlantic Nation, which is a region of countries located in the northern part of the Atlantic Ocean. This region includes countries such as Canada, the United States, Iceland, Greenland, and the Faroe Islands. These countries are all connected by their shared maritime borders and have strong economic and cultural ties. The North Atlantic Nation is an important part of the global economy and has a significant impact on international trade and politics.