lapse

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Related to lapsed: Lapsed Policy

lapse

Law the termination of some right, interest, or privilege, as by neglecting to exercise it or through failure of some contingency

LAPSE

(language)
A single assignment language for the Manchester dataflow machine.

["A Single Assignment Language for Data Flow Computing", J.R.W. Glauert, M.Sc Diss, Victoria U Manchester, 1978].
References in periodicals archive ?
When comparing with-profit policies, single premium business is lapsed less often than regular premium business.
Mostly, a lapsed policy can only be revived by payment of due premiums along with applicable interest and "declaration of good health" by the policy-holder.
The cost to reactivate a lapsed donor by telephone has been running at approximately $2 per reactivated donor, Christianson said.
The fine for the lapsed license would be $30, he said.
The rankings for lowest lapse ratios (the ratio of lapsed policies to policies in force), reported in the November issue of Best's Review magazine, are based on a statistical study of 2009 data for the top 100 life/health insurers conducted by A.
Flood Program Still In Lapsed Status As Oil Leak Continues, Hurricane Season Underway
These messages tend to alienate donors who might not even feel as though they are lapsed and say to them, in effect, "What you're doing isn't enough.
678(a)(1) and (2), for the client to be treated as the grantor for grantor trust purposes (and, hence, able to sell assets tax free to the TPT), he or she must have held a withdrawal power and continue to have a grantor trust power after such withdrawal power has lapsed.
The insurer thus might incur losses from lapsed policies.
If those requirements are not met, however, policyholders have the ability to "catch up" and restore the life insurance coverage by paying back premiums with no interest, so long as the policy has not lapsed and the accumulated cash value is greater than zero.
Five years later, copyrights on more than 40 other Mickey Mouse cartoons will have lapsed.
Policies lapsed or cancelled before the end of the initial level premium paying period will result in only a partial return of premium or no refund at all.