statute of repose
Noun
Meaning
statute of repose (plural statutes of repose)
(law) A law that sets a time limit for legal liability starting from the occurrence of a specified act (typically completion of a product or point of sale).
Noun
statute of repose (plural statutes of repose)
(law) A law that sets a time limit for legal liability starting from the occurrence of a specified act (typically completion of a product or point of sale).