Русско-англо-русский юридический словарь

In Texas, for example, the statute of limitations on promissory note debt is four years from the date the note was signed. (Chron)

Prescription: A method of acquiring or extinguishing rights through the inaction of the legal owner.

Mostly a civil law term, the common law equivalent being statute of limitations or just limitations. (Duhaime's Law Dictionary)

It is critical for you to know what the statute of limitations is and what the deadline is for your case, because, if you miss the limitations deadline, and you have lost your right to sue forever. (The Statute of Limitations: What it is and What it Does.)