peremption

Main Entry: pe·remp·tion
Pronunciation: p&-'remp-sh&n
Function: noun
Etymology: Late Latin peremption- peremptio, the act of quashing, from Latin perimere to take away entirely, destroy, kill
in the civil law of Louisiana : the absolute extinguishment of a right that prevents the bringing of an action peremption>; also : the period of time after which such an extinguishment automatically occurs —compare PRESCRIPTION