peremption
/pəˈrɛm(p)ʃn/ /pəˈrɛm(p)ʃn/noun
Law. The action of quashing a suit, legal process, etc., after the expiry of a fixed period of time; the expiry of a right, etc., after a fixed period of time. Now US.
Origin
Late 15th century (in an earlier sense). From post-classical Latin peremption-, peremptio action or effect of killing or destroying from classical Latin perēmpt-, past participial stem of perimere to destroy, kill + -iō.