Statutory Limit
/ˈstætjʊtəri ˈlɪmɪt/
Definitions
- (n.) The maximum time period prescribed by law within which legal proceedings must be initiated or rights enforced.
The lawsuit was dismissed because it was filed after the statutory limit expired.
- (n.) A legislatively imposed cap or maximum on damages, penalties, or other legal amounts.
The court reduced the damages to comply with the statutory limit.
Forms
- statutory limits
Related terms
See also
Commentary
Typically used to denote legally fixed deadlines or caps, clarity is important to distinguish between temporal limits (statute of limitations) and quantitative caps (damages limits).
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.