# The Limitation (Northern Ireland) Order 1989, Article 46: Interpretation (Part IV)


In this Part—
(a) “debt” includes any liquidated pecuniary claim;
“statute‐barred debt” means a debt in respect of which the time limit fixed by this Order for the bringing of an action to recover it has expired;
“successor” means—
(i)as respects a mortgagee, his personal representatives and any other person on whom the rights under the mortgage devolve, whether—
(A) on death or bankruptcy;
(B) on the disposition of the property; or
(C) on the determination of a limited estate or interest in settled property;
or otherwise;
(ii)as respects a person liable in respect of a debt, his personal representatives and any other person on whom the liability in respect of the debt devolves, whether—
(A) on death or bankruptcy;
(B) on the disposition of the property; or
(C) on the determination of a limited estate or interest in settled property;
or otherwise;
(b) references to a right of action include—
(i) a cause of action;
(ii) a right to receive money secured by a mortgage or charge on any property or to receive proceeds of the sale of land;
(iii) a right to receive a share or interest in the personal estate of a deceased person;
(c) references to the date of the accrual of a right of action refer—
(i) as respects an action upon a judgment, to the date on which the judgment became enforceable;
(ii) as respects an action to recover arrears of a rentcharge, a conventional rent, or interest or damages in respect thereof, to the date on which the arrears became due;
(d) references to a person in possession of land include—
(i) as respects a rentcharge, a person who is in possession of the land charged, but does not pay the rentcharge; and
(ii) as respects land (including a rentcharge) held under a lease in writing reserving a yearly conventional rent of not less than £1, a person who, wrongfully claiming to be entitled to the land in reversion immediately expectant on the determination of the lease, is in receipt of the conventional rent;
(e) references to a debt refer—
(i) as respects a rentcharge or a conventional rent, to a gale of the rentcharge or of the conventional rent;
(ii) as respects interest, to an instalment of the interest;
(f) references to a mortgagee who is by virtue of the mortgage in possession of any mortgaged land include references to a mortgagee who has obtained possession of the mortgaged land by virtue of an order of a court.

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Source: https://www.legislation.gov.uk/nisi/1989/1339/article/46 (the official version)
Page: https://openlegislation.uk/limitation-northern-ireland-order-1989/article-46
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.