LAW
- rúradh éilimh Reference Faomhadh an téarma seo mar chuid de Thionscadal Lex
- ga
- Verjährung
- de
- Definition Erlöschen von Verpflichtungen oder Untergang von Ansprüchen, die gemäß gesetzlichen Bedingungen nach Ablauf einer bestimmten Frist nicht mehr geltend gemacht werden können Reference International Accounting Lexicon(U.E.C.)-Konzernrechnungslegung
- negative prescription | extinctive prescription | prescription of a claim
- en
- Definition legal presumption that, following the lapse of prescribed period of time, a person entitled to challenge or to make a claim has determined not to do so and their rights are, accordingly, extinguished Reference "JISC info net > HEI Records Retention Schedule, Prescription & Limitation (Scotland) Act, 1973. http://www.jiscinfonet.ac.uk/partnerships/records-retention-he/hei-pla-guidance [31.8.2011]"
- Comment To put it another way, following the passing of the relevant prescriptive period, the person owing the obligation or having the liability (the debtor), is no longer bound by that obligation or accordingly liable, as the relevant obligation has been extinguished. The corollary is that the person holding the right to which that obligation relates (the creditor) can no longer enforce that right, as it has ceased to exist.
- prescription extinctive | prescription libératoire
- fr
- Definition extinction de droits et d'obligations ou d'une action par écoulement d'un certain temps sous des conditions légales Reference Internat.Accounting Lex.,UEC-Comptes de groupe