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.
(Code of Civil Procedure Â§Â§ 340, 340.1, 339, 337, 338, 337.15) A statute of limitations refers to the time in which a lawsuit must be filed after a claim recognized by the law has accrued. If a lawsuit is not filed within the specified time, the right to prosecute the claim in court will ordinarily be lost.