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WordNet-Online
Definitions from WordNet
Noun statute of limitations has 1 sense | ||||
Definitions from the WebTerm: Statute of LimitationsDescription: The statute of limitations refers to the time period set by law within which a legal action can be brought or a claim can be made. It establishes the maximum length of time after an event or offense has occurred that legal proceedings can be initiated. Sense 1: In the legal context, the statute of limitations is a statute enacted by a legislative body to prevent the filing of lawsuits or claims after a certain period of time has passed. It varies depending on the type of offense or legal action involved and serves as a deadline for initiating legal proceedings. Example Sentence: The statute of limitations for filing a personal injury lawsuit in this state is three years from the date of the accident. Sense 2: In a broader sense, the term "statute of limitations" can also refer to time limitations imposed by law on various actions or events, such as the collection of debts, reporting of crimes, or payment of taxes. Example Sentence: The statute of limitations for collecting a debt is typically six years from the last date of payment. Related Products: | ||||
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