What is STATUTE BARRED DEBT?

A sum lent unable to be recovered by the lender or creditor legal action as the imposed time limit has been exceeded.

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Related Legal Terms
STATUTE BARRED, BARRED, SAVING THE STATUTE OF LIMITATIONS, SHORT TERM DEBT TO TOTAL DEBT, NATIONAL DEBT, ESTATE BY STATUTE MERCHANT, STATUTE PERPETUAL, DIRECTORY STATUTE, PASSIVE DEBT, STATUTE OF LIMITATIONS


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