See Also: Lapse(finance)
lapse(1)(dictionary)
Lapse(money)
lapse(2)(dictionary)
lapse(medicine)
time lapse(medicine)
LAPSE, eccl(law)
time-lapse(dictionary)
lapse 2, verb(dictionary)
lapse 1, noun(dictionary)
Lapse (finance)
In insurance terminology, a policy is deemed to have lapsed when the policyholder fails to pay the renewal premiums.
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