lapse

Definitions

General English

General Science

  • noun a short period of time which separates two events

Law

  • noun the ending of a right, a privilege or an offer, e.g. the termination of an insurance policy because the premiums have not been paid
  • noun the failure of a legacy because the beneficiary has died before the testator

Publishing

  • noun the fact of something stopping being valid

Real Estate

  • noun a failure to exercise a right within a specific period of time, e.g. failure to buy a property before the termination of an option to buy
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