The phrase "limited lifespan" means that something or someone will only exist or function for a certain period of time before it ends or stops working. Full definition
If the answer is no, then the product has a very limited lifespan. (unrulyguides.com)
Put simply, I believe it's frankly hard to justify holding most individual biotech stocks for especially long periods of time because of the rather limited lifespan of their products, and the political blowback over drug prices in the United States. (fool.com)
Non-economic damages are intended to provide compensation for more subjective losses, such as the infant's loss of enjoyment of life of limited lifespan as a result of the birth injury. (cprlaw.com)