Definition
The deadline for filing a lawsuit, after which your claim expires like old milk. It's the legal system's way of preventing people from ambushing you with decades-old grievances at Thanksgiving dinner—at least in court.
Example Usage
Unfortunately, the statute of limitations for fraud in this state is three years, and your case is already four years old.
Origin
From Roman law concept of 'praescriptio,' formalized in English Statute of Limitations 1623
Fun Fact
Murder typically has no statute of limitations, but most civil claims expire within a few years—meaning you can't sue someone forever, but we can prosecute them for homicide indefinitely.
Source: Common legal procedure terminology
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See “statute of limitations” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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