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.
What is a Statute of Limitations? Plaintiffs have a limited time in which to file a lawsuit, called a statute of limitations.. Generally speaking, the period of time dictated by a statute of limitations begins when the plaintiff is injured or discovers the injury. Statutes of limitations are established by state law and often vary by type of injury. For instance, the statute of limitations for injuries to an individual in Texas is two years, but five years for sex crimes and one year for libel or slander. It can vary from state to state.