What does lapse date mean?
Asked by: Cyril Pollich | Last update: January 25, 2026Score: 4.7/5 (24 votes)
Does lapse mean to run out or end?
1. : to slip, pass, or fall gradually. lapse into silence. 2. : to come to an end : cease.
Does lapsed mean expired?
This adjective can also mean "expired," like your dog's lapsed license, which ran out months ago and you keep forgetting to renew.
What does final lapse date mean?
Final Lapse Date means the latest date on which an Option will lapse which will be the date set by the Directors under rule 3.3.8 or, if no date is set, the date 10 years after the Award Date; Sample 1Sample 2.
What is the meaning of lapse period?
a period of time that passes: There was a considerable lapse of time between agreement being obtained and work actually going ahead.
Lapse: Definition, How It Works With Insurance, and Consequences
What is a lapse date?
Lapse Date means, with reference to the distribution of a security that has been qualified under a simplified prospectus, the date that is 12 months after the date of the most recent simplified prospectus relating to the security.
What is lapse period?
A lapse is the removal or expiration of a privilege, right, or policy due to the passage of time or some sort of 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.
What is the meaning of date lapsed?
Lapsing Date means the date that this Agreement terminates because the Recipient failed to submit a claim for payment or provide documentation with the claim satisfactory to the Agency. Lapsing Date has the meaning given to it in provision L11.
Does lapse mean cancel?
Lapse of coverage is distinctly different than cancellation of an insurance policy in that lapse generally does not require notice to you, the insured, whereas cancellation generally does.
What is lapse rule?
a. All pending bills in Parliament lapse with its prorogation. All appropriations voted by the Parliament expire at the end of the financial year. The demand for grants of a ministry lapses with criticism of its policy by the opposition.
What is the difference between expire and lapse?
Answer: A membership becomes expired on the expiration date specified on the membership record. A membership is lapsed during the time between when it expires and when it is dropped.
What is the full meaning of lapsed?
expired; voided; terminated: a lapsed insurance policy. no longer committed to or following the tenets of a particular belief, obligation, position, etc.: a lapsed Catholic.
What is a lapsed time period?
A lapse of time is a period that is long enough for a situation to change or for people to have a different opinion about it. If a period of time lapses, it passes. If a situation or legal contract lapses, it is allowed to end rather than being continued, renewed, or extended.
How does lapse work?
You use the camera in the app to take your snap, and then wait at least a few hours for it to “develop”. Once it develops, you'll see your photo appear with Lapse's vintage filter. Then, you can decide to either archive it or share it to your journal. Journal: Your journal is essentially your profile.
What happens after policy lapse?
Your policy will officially lapse once the grace period ends, meaning your coverage will end and no death benefit will be paid. Your policy's cash value might be used to fulfill your unpaid premium.
Will lapse mean?
to pass away, as time; elapse. Law. to become void, as a legacy to someone who dies before the testator. to cease being in force; terminate: Your insurance policy will lapse after 30 days.
What is the short meaning of lapse?
A lapse is a temporary slip, failure or break in continuity.
What does no lapse date mean?
No-Lapse guarantees designate a premium and a time period during which, if the designated premium is paid, the policy is guaranteed not to lapse. It has been the practice of the Division of Insurance to limit these provisions to five years.
What does "renewal lapsed" mean?
A lapsed member is one who has lost membership privileges because of unpaid membership fees. A member's status may be set to automatically lapse if they have not renewed their membership within a certain period following their renewal date.
Does lapse mean to end?
Lapse is the termination of a right, interest, duty or obligation as a result of the passage of time, or failure of a condition, or a change in circumstance.
What is lapsed status?
Lapsed status means the license or registration is null and void, is no longer valid and cannot be reactivated.
What does lapse time mean?
a period of time between related events: The documents are now being made available after a 30-year time lapse.
What is the rule for time lapse?
The ideal shutter speed rate for time lapse is to double the set frame rate. So if your frame rate is set at 30 frames per second (FPS), then you should control your shutter speed at a rate of 1/60.
What is the lapse rule?
Lapse statute (also called anti-lapse statute ) is a rule of construction in trusts and estates law that prevents a devise from lapsing . Under common law , if a person devised a gift to a devisee and the devisee passed prior to the testator , the gift would “lapse” or fail, leaving the property to intestacy laws .
What to do if I lapse?
- learn more about your triggers and how to avoid them.
- show people how they can help you in future.
- find new ways to cope with challenges in your daily life.