is it just literally “taking too long to do something?”
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The term comes from the french word that means “to let go” or “to release”. It means that by delaying action to make a claim to recover and redress, you have given up on your claim. This could be by delaying too long. You would be excluded from your claim even more decisively if the other side can show you were aware of you needed to pursue the claim but failed to do so. It’s a little bit like a civil suit equivalent to a statute of limitations in criminal law. It’s a principle in law where things need to be acted on in a reasonably timed manner so as to avoid an indefinite open ended opportunity to pursue an ancient claim which could clog the courts with old claims. Justice wants things to happen in a timely manner and parties need to act responsibly in that context.
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