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TeachMeFinance.com - explain effect effect 'effect' is an military term meaning '(DOD) 3. A change to a condition, behavior, or degree of freedom'. Previous 5 Terms: echeloned displacement- economic action - economic potential effect effect_ Next 5 Terms: effective US controlled ships- effective damage - ejection ejection ejection systems_ Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.