Definition of Lapse:
An interval or passage of time.
(of a right, privilege, or agreement) become invalid because it is not used, claimed, or renewed; expire.
When a policy lapses, it usually occurs because one party fails to act on its obligations, or one of the terms on the policy is breached; an insurance policy will lapse if the holder does not pay the premiums, for example. The right given by an options contract will lapse when the option reaches maturity, at which time the holder will no longer possess the right to buy or sell the underlying asset.
A temporary failure of concentration, memory, or judgment.
A lapse is the cessation of a privilege, right or policy due to the passage of time or inaction. A lapse of a privilege due to inaction occurs when the party that is to receive the benefit does not fulfill the conditions or requirements set forth by a contract or agreement.
The cancellation of a policy due to the non-payment of the premium due.
Pass gradually into (an inferior state or condition).
Synonyms of Lapse
Deteriorate, Decline, Fall, Fall off, Drop, Worsen, Degenerate, Decay, Rot, Backslide, Regress, Retrogress, Get worse, Sink, Wane, Slump, Fail, Failure, Failing, Slip, Error, Mistake, Blunder, Fault, Omission, Oversight, Negligence, Dereliction, Interval, Gap, Pause, Intermission, Interlude, Lull, Hiatus, Break, Abeyance, About-face, Advance, Alchemy, Apostasy, Apostatize, Assimilation, Assumption, Atavism, Atheism, Atrocity, Backing, Backset, Backslide, Backsliding, Backward deviation, Backward motion, Backward step, Balk, Be all over, Be caught napping, Be gone, Be neglectful, Be negligent, Be no more, Be past, Become extinct, Become void, Becoming, Bevue, Blooper, Blow over, Blunder, Boner, Breach, Break, Bull, Bungle, Cadence, Caesura, Catabasis, Catenary, Cave, Cave in, Cease, Cease-fire, Cessation, Change, Change-over, Close, Closing, Cock, Collapse, Comedown, Continue, Conversion, Crash, Crime, Crime against humanity, Culpa, Culpable negligence, Day off, Deadly sin, Debasement, Decadence, Decadency, Deceleration, Declension, Declination, Decline, Decline and fall, Decrescendo, Decurrence, Default, Deformation, Degeneracy, Degenerate, Degenerateness, Degeneration, Degradation, Delinquency, Demotion, Depravation, Depravedness, Depreciation, Dereliction, Derogation, Descend, Descent, Desertion, Deteriorate, Deterioration, Deviate, Devolution, Die, Die away, Diminish, Diminuendo, Diminution, Disappear, Disenchantment, Disregard, Dive, Downtrend, Downturn, Downward mobility, Downward trend, Droop, Drop, Dwindling, Dying, Ebb, Effeteness, Elapse, End, Endure, Enormity, Err, Error, Evil, Expire, Fade, Fading, Fail, Failing, Failure, Failure of nerve, Fall, Fall again into, Fall astern, Fall away, Fall back, Fall behind, Fall from grace, Fall into error, Fall off, Falling back, Falling-off, False move, False step, Fault, Felony, Flip-flop, Flit, Flop, Flop down, Flow, Flow on, Fluff, Flump, Flump down, Fly, Foible, Founder, Frailty, Gap, Genocide, Get behind, Give way, Glide, Gloss over, Go amiss, Go astray, Go awry, Go backwards, Go behind, Go by, Go down, Go downhill, Go off, Go on, Go out, Go wrong, Goof, Growth, Guilty act, Have a relapse, Have it, Have its time, Have run out, Heavy sin, Hesitation, Hiatus, Hit a slump, Hit rock bottom, Hit the skids, Hold-up, Holiday, Homestretch, Ignore, Impiety, Impiousness, Impropriety, Inadvertence, Inadvertency, Inattention, Indiscretion, Inexpiable sin, Iniquity, Injury, Injustice, Interim, Interlude, Intermezzo, Intermission, Intermittence, Interruption, Interval, Involution, Irreligion, Irreverence, Jerk back, Laches, Lacuna, Laissez-faire, Lapse back, Lapse from grace, Lapsus calami, Lapsus linguae, Last, Last lap, Last round, Last stage, Laxity, Laxness, Layoff, Let go, Let ride, Let slide, Let slip, Letup, Loose thread, Looseness, Lose ground, Lose sight of, Lose track of, Loss of tone, Lower, Lowering, Lull, Malefaction, Malfeasance, Malum, Minor wrong, Miscalculate, Miscue, Misdeed, Misdemeanor, Misfeasance, Misstep, Mistake, Mortal sin, Naturalization, Neglect, Neglectfulness, Negligence, Nod, Nonfeasance, Noninterference, Nonperformance, Nonrestriction, Not care for, Not get involved, Not heed, Not think, Offense, Omission, Outrage, Overlook, Overlooking, Oversight, Pass, Pass away, Pass by, Pass over, Passage, Pause, Peccadillo, Peccancy, Permissiveness, Plop, Plop down, Plump, Plunge, Poor stewardship, Press on, Proceed, Procrastination, Progress, Pull back, Re-formation, Reach the depths, Reaction, Recede, Recess, Recession, Recidivate, Recidivation, Recidivism, Reclamation, Reconversion, Recreancy, Recrudescence, Recur to, Recurrence, Reduction, Reentry, Refluence, Reflux, Regress, Regression, Rehabilitation, Reinstatement, Relapse, Remission, Remissness, Renewal, Resolution, Respite, Rest, Restitution, Restoration, Retreat, Retroaction, Retrocede, Retrocession, Retroflex, Retroflexion, Retrogradation, Retrograde, Retrogress, Retrogression, Retroversion, Retrovert, Retrusion, Return, Return to, Returning, Reversal, Reverse, Reversion, Revert, Revert to, Reverting, Revulsion, Roll on, Rollback, Run, Run down, Run its course, Run on, Run out, Sag, Set, Setback, Settle, Settle down, Shift, Shortcoming, Sin, Sin of commission, Sin of omission, Sinful act, Sink, Sink back, Sink down, Sinkage, Slackness, Sleep, Slide, Slide back, Slight, Slip, Slip away, Slip back, Slip up, Slippage, Slipping back, Slipup, Slouch, Slowdown, Slump, Slump down, Stand-down, Stay, Sternway, Stop, Stray, Stumble, Submerge, Submergence, Subside, Subsidence, Suspension, Swag, Switch, Switch-over, Take for granted, Terminate, Throwback, Tort, Touch bottom, Transformation, Transgression, Transit, Transition, Trespass, Trip, Truce, Turn, Turnabout, Turning into, Undutifulness, Unrigorousness, Unutterable sin, Vacation, Venial sin, Vice, Violation, Volte-face, Wander, Wane, Wear away, Wear off, Wrong, Wrong step, Yield again to, Expired, Void, Invalid, Run out, Out of date, Terminated, Discontinued, Unrenewed
How to use Lapse in a sentence?
- A lapse is when the benefits and everything else stated in a contract no longer remain active because the contract holder has failed to honor requirements and conditions set forth by a contract or agreement.
- My membership to the gym has lapsed.
- The country has lapsed into chaos.
- A lapse of concentration in the second set cost her the match.
- There was a considerable lapse of time between the two events.
- Examples of lapses are lapsed life insurance policies and stock shares.
Meaning of Lapse & Lapse Definition