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 ?
Our flight aboard a CH-46E lifted off at 1330 bound for Trenton to pick up the first wave of 3/14 Marines.
At the gravesite, the Swing 46 regulars saluted him with "The Bill Robinson Dance." Buster seemed to have been lifted off the planet hearing jazz tap dancing.
The bearings have lifted off and are up in the air."
A 161ft Soyuz TM-34 rocketship carrying the trio lifted off at 0726 BST.
Unable to push-off from the ball of the foot, the foot must be lifted off the ground flat instead of the usual rolling step.
After weeks of frustrating delays due to bad weather, their balloon, Breitling Orbiter 3, lifted off on March 1 from Chateau-d'Oex (sha-TOE-deh) in the Swiss Alps.
He loaded a tool box filled with pollen on a sticky substance and Q-tips into the bucket and lifted off the ground in search of ripe seed pods.
Air Products played a key role, as it always has in NASA space exploration, when the Orion EFT-1 carried by a Delta IV Heavy rocket lifted off the launch pad today signaling the beginning of a new era in deep space travel.
SHOT LIST, ATLAS V ROCKET LIFTED OFF AT CAPE CANAVERAL AIR FORCE STATION SOURCE NASA
"We were flying down the back straight and then I lifted off for turn four," he said.
Summary: A rocket developed by internet entrepreneur Elon Musk's Space Exploration Technologies has lifted off and reached orbit.
The alert over the space junk, believed to be from a Soviet satellite that broke up shortly after it lifted off in 1981, was called off Monday when data showed that the debris posed no danger to the space station.