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

双语律师Julie，国际知名法学院法律专业，擅长翻译各类与证券监管、合规与执法相关的法律文件。