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force majeure
(redirected from Force majeure risk)

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
force ma·jeure  (fôrs mä-zhûr, frs)
n.
1. Superior or overpowering force.
2. An unexpected or uncontrollable event.

[French : force, force + majeure, greater.]

force majeure [ˈfɔːs mæˈʒɜː -ˈdʒʊə]
n
(Law) Law irresistible force or compulsion such as will excuse a party from performing his part of a contract
[from French: superior force]
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.force majeure - a natural and unavoidable catastrophe that interrupts the expected course of eventsforce majeure - a natural and unavoidable catastrophe that interrupts the expected course of events; "he discovered that his house was not insured against acts of God"
calamity, catastrophe, tragedy, disaster, cataclysm - an event resulting in great loss and misfortune; "the whole city was affected by the irremediable calamity"; "the earthquake was a disaster"
Translations
force majeure
nhöhere Gewalt; to bow to force majeuresich höherer Gewalt (dat)beugen


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Projects face political and force majeure risks throughout.
Among them are: * interest rate risk, which is the risk that interest rates may vary over the life of the project; * exchange rate risk, which occurs if debt is payable in currencies other than the one in which revenues are generated; and * force majeure risk, which is the risk that the project will fail to generate revenues required to repay loans due to earthquakes, war, flood, fire, or "acts of God.
The project's contracts closely match expenses against revenues and require Ecopetrol to assume a large portion of the uncontrollable risks, such as currency-exchange-rate risk and force majeure risks.
 
 
 
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