What is Limitation Of Actions?

Legal Definition
The restriction by statute of the right of action to certain periods of time, after the accruing of the cause of action, beyond which, except in certain specified cases, it will not be allowed. Also the period of time so limited by law for the bringing of actions. See Keyser v. Lowell, 117 Fed. 404, 54 C. C. A. 574 ; Battle v. Shivers, 39 Ga. 409; Baker v. Kelley, 11 Minn. 493 (Gil. 358) ; Riddelsbarger v. Hartford F. Ins. Co., 7 Wall. 390, 19 In Ed. 257.
-- Black's Law Dictionary
Legal Definition
-- Ballentine's Law Dictionary