Plain-English definition
A law setting a time limit for bringing certain legal claims.
Why this term matters
For old debt, the applicable period can depend on the debt type, state law, and case facts. The lawsuit filing date and later activity may matter.
Do not confuse it with
The statute of limitations is not the same as credit-reporting duration.
What to check in your papers
- Where the term appears and who issued the document.
- Whether the document states a date, deadline, hearing, or response requirement.
- Whether an official form or local court rule is referenced.
Official Sources to Check
Use official sources for federal rights and your court or state sources for filing rules, deadlines, forms, and exemptions.