lapse
Definition
A period during which a right, privilege, or insurance policy is not in effect due to a failure to act.
This content can be found on the following page:
http://www.investorwords.com/2720/lapse.html
email to a friend
 print this definition
 cite this definition
 link to this page
Copy and paste this HTML in your website to link to this page
Related terms:
reinstate, COBRA, universal life
'lapse' appears in these other terms:
lapsed option
'lapse' appears in the definitions of these other terms on BusinessDictionary.com: lapse of offer, automatic premium loan clause, international agreement, internal audit, float, and 
Related Research Articles from the InvestorGuide.com University
Life Insurance
Includes all you need to know about provisions and types of life insurance policies. Learn about incontestable provisions, suicide provisions, reinstatement clauses, excluded risks, and settlement options. Once you speak the lingo, read up on the different types of life insurance: Term life, cash value, whole life, single premium life, universal life, variable life, and variable universal life.
Disability and Long Term Care Insurance
Everything you ever needed or wanted to know about disability and long term care insurance. Disability topics include short and long term disability, and social security. Long term care topics include information on policies and why you should seriously consider this type of insurance.
Introduction to Insurance
Find out how to protect yourself by learning the basics behind insurance and what factors should be considered when purchasing insurance.
|
