Accounting, financial and tax file type. qfx file icon: The qfx file extension is associated with Quicken, a personal finance management tool developed by Intuit, Inc, which is available in both Windows and Mac Versions. The QFX format is financial data format used for importing data into Quicken financial software.
DEFINITION of 'Statute Of Limitations'. A statute of limitations is a law which sets out the maximum time that parties have to initiate legal proceedings from the date of an alleged offense. The precise form of a statute of limitations differs from one jurisdiction to the next. In general, the length of time allowed under a statute of limitations varies depending upon the severity of the offense. For example, breach of contract cases may only be brought within a few years after the event.
Statutes of limitations set the deadline or maximum period of time within which a lawsuit or claim may be filed and vary depending on the circumstances of the case, the type of case or claim involved, and whether the lawsuit or claim is filed in state or federal court.