statute of limitations(redirected from Period of prescription)
Also found in: Dictionary, Thesaurus, Legal, Financial, Encyclopedia.
statute of limitations
Etymology: L, statuere, to set up, limes, boundary
(in law) a statute that sets a limit of time during which a suit may be brought or criminal charges may be made. In a malpractice suit, dispute may arise as to whether the time set by the particular statute of limitations begins to run at the time of the injury or at the time of the discovery of the injury.
statute of limitationsMalpractice A doctrine that allows a plaintiff 2 to 3 yrs–depending upon the state in the US, from the time of the alleged malpractice or negligence–by a physician or hospital–to file a lawsuit. See Emancipated minor, Malpractice.
Statute of Limitations
the law which limits the time after an event during which a court action related to a claim for damages arising out of the event can be initiated.