The term 'STATUTE of Limitations' refers to a law that sets a limit on the amount of time a person has to file a lawsuit or take other legal action. It is an important concept in civil law, as it prevents people from bringing up old claims that may be difficult to prove or defend against. The STATUTE of Limitations is set by each state and can vary depending on the type of claim being made. Generally, the STATUTE of Limitations begins when the cause of action accrues, meaning when the injury or harm occurred.