prescription

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prescription

The loss of rights because of a failure to assert them over a lengthy period of time. This is similar to a statute of limitations, but the time period is not established by statute, but by court interpretation and the particular circumstances of the case.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
SB--81 Creates the West Virginia Official Prescription Program Act.
SB 81 WV Official Prescription Program Act providing prescriptions be written on tamper proof pads.