1. Money
You can opt-out at any time. Please refer to our privacy policy for contact information.

statute of limitations

By

Definition: the amount of time a creditor or third-party debt collector can obtain a judgment against you for a debt. Note: you can still be sued for the debt. It is your responsibility to show up for any lawsuit-related hearings and to prove the statute of limitations has expired.

Alternate Spellings: SoL

©2014 About.com. All rights reserved.