French language term that's literal meaning translates to "greater force". In finance, it represents a clause governing an external force which cannot reasonably be controlled by the parties entering into a contract, and which prevents either or both of the parties from fulfilling their contractual obligations. This type of clause is usually seen as beneficial to both parties in a contract.
Browse by Subjects
United Nations Conference on Trade and Development
accounting information system
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):