peremption
peremption (p[schwa]r-emp-sh[schwa]n), n. Civil law. A period of time fixed by statute for the existence of a right. • If the right is not exercised during this period, it is extinguished. Whereas prescription simply bars a specific remedy, peremption bars the action itself. Cf. PRESCRIPTION(1). See STATUTE OF REPOSE. [Cases: Limitation of Actions 1, 165. […]