Vis Major

Vis Major

A Latin term meaning "act of God", or an occurrence that is neither caused by nor preventable by humans. In commercial contracts, vis major can also apply to actions undertaken by third parties that neither party to the contract can control, such as failure by a supplier or subcontractor to perform. The terms "vis major", "act of God" and "force majeure" are commonly used in contracts to exclude one or both parties from liability and/or obligation when events beyond their control occur.

Insurance contracts often exclude coverage for damage caused by vis major, such as tornadoes, hurricanes, earthquakes and floods. Sometimes these events can be insured against with a rider or separate, specialized policy. Also, a finding that an adverse event was caused by vis major can exempt a defendant in a lawsuit from liability.

Investment dictionary. . 2012.

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  • Vis major — ( IPA|/vɪs meɪdʒɚ/), in Latin means ‘a superior force’ It means a greater or superior force; an irresistible force; It may be a loss that results immediately from a natural cause that could not have been prevented by the exercise of prudence,… …   Wikipedia

  • vis major — / vis mā jər/ n [Latin, literally, greater force]: an overwhelming force; also: act of god Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Vis major — Vis ma jor [L. major greater.] (Law) A superior force which under certain circumstances is held to exempt from contract obligations; inevitable accident; a civil law term used as nearly equivalent to, but broader than, the common law term {act of …   The Collaborative International Dictionary of English

  • vis major — /vis may jeuhr/, pl. vires majores /vuy reez meuh jawr eez, jor /, Law. See force majeure. [1595 1605; < L vis major greater force] * * * …   Universalium

  • vis major — [vis mā′jər] n. [L, greater force] ACT OF GOD …   English World dictionary

  • Vis mājor — (lat.), »höhere Gewalt« (s. d.) …   Meyers Großes Konversations-Lexikon

  • Vis major — (lat.), s. Höhere Gewalt …   Kleines Konversations-Lexikon

  • vis major — noun a natural and unavoidable catastrophe that interrupts the expected course of events he discovered that his house was not insured against acts of God • Syn: ↑act of God, ↑force majeure, ↑inevitable accident, ↑unavoidable casualty • Hypernyms …   Useful english dictionary

  • vis major — A higher force; an irresistible force. An event which cannot be definitely foreseen or controlled. Krause v Board of School Trustees, 162 Ind 278, 284, 70 NE 264. The Latin expression vis major, or force majeure, is not exactly the equivalent of… …   Ballentine's law dictionary

  • Vis major — Vis ma|jor 〈[vıs ] f.; ; unz.〉 höhere Gewalt [<lat. vis „Macht, Gewalt“ + major, Komp. von magnus „groß, hoch“] * * * Vis ma|jor, die; [lat.] (Rechtsspr.): höhere Gewalt ↑ (Gewalt 3). * * * Vis ma|jor …   Universal-Lexikon