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force majeure

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force ma⋅jeure

[Fr. fawrs ma-zhœr]
–noun, plural forces majeures [Fr. fawrs ma-zhœr] . Law.
an unexpected and disruptive event that may operate to excuse a party from a contract.

Origin:
1880–85; < F: lit., superior force
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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force ma·jeure   (fôrs' mä-zhûr', fōrs')   
n.  
  1. Superior or overpowering force.

  2. An unexpected or uncontrollable event.


[French : force, force + majeure, greater.]
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary

Force Majeure

A French term literally translated as "greater force", this clause is included in contracts to remove liability for natural and unavoidable catastrophes that interrupt the expected course of events and restrict participants from fulfilling obligations.

Investopedia Commentary

This clause is meant to benefit both parties in a contract. Force majeure would come into play, for example, when you buy a house: should the house be destroyed in a fire caused by a lightning strike, neither party remains obligated.

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See also: Act of God Bond, Catastrophe Bond - CAT, Drought Sale, Hazard Insurance

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Legal Dictionary

Main Entry: force ma·jeure
Pronunciation: 'fors-ma-'zh&r, -mo-'zh[OE]r
Function: noun
Etymology: French, superior force
1 : superior or insuperable force
2 : an event (as war, labor strike, or extreme weather) or effect that cannot be reasonably anticipated or controlled : FORTUITOUS EVENT —compare ACT OF GOD, INEVITABLE ACCIDENT
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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