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. C.J.S. Limitations of Actions §§ 2–4, 10–11.]

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词条贡献者

译者Pablo，毕业于国内一流的高级翻译学院，擅长翻译各种与消费者财务监管相关的法律文件。