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Simple English definitions for legal terms

time-bar

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A quick definition of time-bar:

Term: TIME-BAR

Definition: A time-bar is a legal rule that prevents someone from making a claim after a certain amount of time has passed. This rule is usually set by a law called a statute of limitations. If someone tries to make a claim after the time limit has passed, they are said to be time-barred and their claim will not be considered.

A more thorough explanation:

Definition: A time-bar is a legal term that refers to a restriction on making a legal claim after a certain period of time has passed. This restriction is usually set by a statute of limitations.

Example: Let's say that someone was injured in a car accident. In most states, they have a certain amount of time to file a lawsuit against the person responsible for the accident. If they wait too long and the statute of limitations has expired, they will be time-barred from filing a lawsuit.

Explanation: This example illustrates how a time-bar works in a legal context. The injured person has a limited amount of time to take legal action, and if they don't act within that time frame, they lose their right to do so. This is why it's important to be aware of the statute of limitations for any legal claim you may have.

time arbitrage | time-bargain

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