Force Majeure
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
net sales
Buying Basis
post balance sheet event
critical path method