Lift

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Lift

To raise; to take up.

To lift a promissory note (a written commitment to pay a sum of money on a certain date) is to terminate the obligation by paying its amount.

To lift the bar of the Statute of Limitations is to remove, by some sufficient act or Acknowledgment, the obstruction that it interposes. For example, some states will not permit an action to be instituted on a debt owed after ten years from the date of the debt. This is a ten-year statute of limitations. If the debtor acknowledges in writing that he or she owes the debt and will pay it on a certain date, this conduct lifts the bar of the statute of limitations so that the debtor can be sued on the debt for another ten years.

References in periodicals archive ?
Leading Players of Elevator Market are Otis Elevator Co., KONE Corporation, Schindler Group, Hitachi, Fujitec Elevator, Hyundai Elevator Company, Mitsubishi Electric, thyssenkrupp Elevator, Mitsubishi Electric US, Inc., Orona, thyssenkrupp, Express Elevators Ltd, Schindler Elevator Corporation (U.S.), Schindler Ltd (UK), Schindler Lifts Australia Pty Limited, Schindler Aufzuge AG (Switzerland), Hitachi Europe and others.
She could see Fletcher was caught in the narrow gap behind the outer door and just in front of an accordion door that closed off the elevator car, a no man's land where the floor ended and the edge of the elevator car began.
"A good elevator guy can do anything, from carpeting to concrete to steel erections, so it's very dynamic.
'Ang mali po talaga dito ay 28 po silang sumakay, ang ginamit nilang elevator ay yung service elevator.
The chief justice also sought a detailed report of regarding the working of elevators in other services hospital in Punjab.
Federal Territories Minister Khalid Samad today said the ministry is taking steps to comprehensively maintain and upgrade the elevators in public housing and People's Housing Projects (PPR) in the city.
The faulty elevator's operation will resume in at least three months later, because Otis decided to produce all parts of the elevator at its German factory and test the elevator's operation for a few weeks.
The company was paid Rs6 million for the maintenance and upgradation of the elevator at the National Assembly.
Caption: This cutaway illustration shows the possible paths of a new elevator that can move sideways.
Specifically, the company has closed the acquisition of SCS Elevator (Florida), Texas Independent Elevator and Premier Elevator Services (Texas), and Triangle Elevator (North Carolina).
OEOs have safeguards that protect against water, heat and smoke from entering the elevator lobby or hoistway, and they can run on backup power.
In addition to the three regular elevators, the library has a large freight elevator.