lapse

lapse
I
To glide; to pass slowly, silently, or by degrees. To slip; to deviate from the proper path. To fall or fail. Life & Casualty Ins. Co. of Tennessee v. Wheeler, 265 Ky. 269, 96 S.W.2d 753, 755.
See also expiration
II
The termination or failure of a right or privilege through neglect to exercise it within some limit of time, or through failure of some contingency. Failure to vest a bequest or devise by reason of death of devisee of legatee prior to death of testator. Farmers and Merchants State Bank v. Feltis, 150 Ind.App. 284, 276 N.E.2d 204, 206.
The death of a legatee before the testator causes the legacy to lapse and to fall into the residue unless there is a statute which provides for its disposition as, for example, if the legatee is a child or relation of the testator, the legacy passes to the issue of the legatee. The expiration of a right either by the death of the holder or upon the expiration of a period of time. Thus, a power of appointment lapses upon the death of the holder if such holder has not exercised the power during life or at death (i.e., through a will). Termination of insurance policy because of failure to pay the premium. In the law of wills, the failure of a testamentary gift. Gredig v. Sterling, C.C.A.Tex., 47 F.2d 832, 834.

Black's law dictionary. . 1990.

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  • lapse — 1 / laps/ n: a termination or failure due to events, neglect, or time: as a: the failure of a bequest (as because the intended recipient dies before the testator) compare anti lapse statute b: the termination of an insurance policy because of… …   Law dictionary

  • lapse — n 1 slip, *error, mistake, blunder, faux pas, bull, howler, boner Analogous words: *offense, sin, vice, crime: *fault, failing, frailty, foible: transgression, *breach, violation, trespass 2 relapse, backsliding (see under LAPSE vb) …   New Dictionary of Synonyms

  • Lapse — (l[a^]ps), n. [L. lapsus, fr. labi, p. p. lapsus, to slide, to fall: cf. F. laps. See {Sleep}.] 1. A gliding, slipping, or gradual falling; an unobserved or imperceptible progress or passing away,; restricted usually to immaterial things, or to… …   The Collaborative International Dictionary of English

  • Lapse — Lapse, v. i. [imp. & p. p. {Lapsed}; p. pr. & vb. n. {Lapsing}.] 1. To pass slowly and smoothly downward, backward, or away; to slip downward, backward, or away; to glide; mostly restricted to figurative uses. [1913 Webster] A tendency to lapse… …   The Collaborative International Dictionary of English

  • lapse — [n1] mistake blunder, breach, bungle, crime, error, failing, failure, fault, flub, foible, frailty, gaff, goof, goof up*, indiscretion, miscue, negligence, offense, omission, oversight, screw up*, sin, slip, slip up, transgression, trespass,… …   New thesaurus

  • Lapse — Lapse, v. t. 1. To let slip; to permit to devolve on another; to allow to pass. [1913 Webster] An appeal may be deserted by the appellant s lapsing the term of law. Ayliffe. [1913 Webster] 2. To surprise in a fault or error; hence, to surprise or …   The Collaborative International Dictionary of English

  • lapse — ► NOUN 1) a brief failure of concentration, memory, or judgement. 2) a decline from previously high standards. 3) an interval of time. 4) Law the termination of a right or privilege through disuse or failure to follow appropriate procedures. ►… …   English terms dictionary

  • lapse — [laps] n. [L lapsus, a fall: see LAP1] 1. a slip of the tongue, pen, or memory; small error; fault 2. a) a falling away from a moral standard; moral slip b) a falling or slipping into a lower or worse condition, esp. for a short time 3 …   English World dictionary

  • lapse — relapse …   Dictionnaire des rimes

  • lapse — ▪ I. lapse lapse 1 [læps] verb [intransitive] 1. COMMERCE if a contract, agreement, or offer lapses, it ends because an agreed time limit has passed: • The customer has the right to exercise the option or allow the option to lapse. • There are… …   Financial and business terms

  • lapse — lapse1 [læps] n [Date: 1300 1400; : Latin; Origin: lapsus, from labi to slip ] 1.) a short period of time during which you fail to do something well or properly, often caused by not being careful momentary/temporary/occasional etc lapse ▪ Despite …   Dictionary of contemporary English

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