01 a. Having slipped downward, backward, or away; having lost position, privilege, etc., by neglect; -- restricted to figurative uses.
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1.
Having slipped downward, backward, or away; having lost position, privilege, etc., by neglect; -- restricted to figurative uses.“Once more I will renew His lapsed powers, though forfeit.” — Milton.
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2.
Ineffectual, void, or forfeited; as, a lapsed policy of insurance; a lapsed legacy.
Phrases & compounds
Lapsed devise —
a devise, or legacy, which fails to take effect in consequence of the death of the devisee, or legatee, before that of the testator, or for other cause.