Definitions for "Statute of Limitation"
a law setting the period of time during which a lawsuit must be filed
a law that sets the deadline for filing a lawsuit in a particular kind of dispute
a state law that puts a limit on the amount of time a plaintiff has to file a lawsuit, usually from the time the injury occurred or when he or she discovered the injury
Keywords:  suit, lading, claims, limit, instituted
a statement within the bill of lading contract which places a limit on the time in which claims or suit may be instituted.
A law limiting the time in which claims or suits may be instituted.
See Limitation.