statute of repose

== English == === 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). ==== Usage notes ==== A statute of repose is similar to a statute of limitations, except that legal liability is limited from the time of a specified act rather than from the time of the cause of action (such as the time when an injury occurs or a fault is discovered). ==== Synonyms ==== nonclaim statute