PEREMPTION

peremption (p<<schwa>>r-emp-sh<<schwa>>n), n. Civil law. A period of time fixed by statute for the existence of a right. • If the right is not exercised during this period, it is extinguished. Whereas prescription simply bars a specific remedy, peremption bars the action itself. Cf. PRESCRIPTION(1). See STATUTE OF REPOSE. [Cases: Limitation of Actions  1, 165. C.J.S. Limitations of Actions §§ 2–4, 10–11.]

[Blacks Law 8th]