In this paper, we propose the truncated Lomax distribution. Fundamental properties of the new distribution are studied such as; moments, moment generating and characteristic function, quantile function, incomplete moments, Lorenz and Bonferroni curves, order statistics and Rényi entropy. Maximum likelihood estimators are derived in case of complete sample, Type I and Type II censored samples. An approximate confidence interval of the parameters is obtained for large sample sizes. Simulation issue is executed in order to investigate the performance of estimators.