Benefit of time limit - Kigen no Rieki

Japanese: 期限の利益 - きげんのりえき
Benefit of time limit - Kigen no Rieki
The benefit of the parties arising from the imposition of a time limit on a legal act. For example, the benefit of not having to fulfill the debt until the time limit arrives. ※Civil Code (1896) Article 136 "The benefit of the time limit may be forfeited."

Source: The Selected Edition of the Japanese Language Dictionary About the Selected Edition of the Japanese Language Dictionary Information

Japanese:
法律行為に期限がつけられることによって生ずる当事者の利益。債務者が期限の到来するまでは債務を履行しないでよいという利益など。※民法(明治二九年)(1896)一三六条「期限の利益は之を抛棄することを得」

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