Law.the assignment, as by statute, of a period of time within which an action must be brought, or the period of time assigned: a statute of limitations.
Origin: 1350–1400;Middle Englishlymytacion < Latinlīmitātiōn- (stem of līmitātiō) a bounding, equivalent to līmitāt(us) (past participle of līmitāre to enclose within boundaries; see limit, -ate1) + -iōn--ion