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 ?
In October, as more evidence surfaced that the magnetic lifters did contain drugs, Mr.
"However, up to this time, the Bu-reau of Customs did not initiate a case against the consignees and importers of the magnetic lifters," it stated.
The Bureau of Customs (BOC) already said the four magnetic lifters were tested negative for illegal drugs.
It was only after the sports ministry released ` 1.75crore as loan to the IWLF that the federation was able to pay the fine of US$ 3,75,000, paving the way for Indian lifters to take part in their home Commonwealth Games.
Service Bulletin SB-97-6A, issued in 1997, calls for removing and discarding hydraulic valve lifters. Shops have been tossing the used parts into the trash for years.
Last year, Egyptian Magad Salama resigned as national coach citing doping among senior lifters. "We re not giving up, we are definitely seeing an upswing," Gulati said.
The MC3 is said to be a groundbreaking new fully self-contained lifter designed with the underground utility contractor in mind.
During the bench press with a barbell, lifters raise and lower their hips.
Fleet Marines should start receiving the first of 156 new marinized heavy lifters, to be called the CH-53K, in 2015--which is none too soon for the program manager, Marine Col.
* 0700 Series diverter valve makes it possible to operate cart lifters on collection vehicles without reducing the speed of the vehicle's packer panel or the amount of refuse packed per load
He also is number 1 in London and in the top 5 in England in the British Weight Lifters Association.