Lapse Legal Meaning and Definition

Here is a simplified definition of the legal term Lapse.

Lapse (verb): In legal terms, lapse refers to the act of becoming inoperative, ineffective, or impossible. This can happen due to a stipulated time period ending, a certain event occurring, or the cessation of certain conditions. Often used in situations where rights, privileges, or plans are nullified. For example, a job appointment may lapse if the person appointed to the position passes away.