Lapse

A period during which a Right, privilege, or Insurance policy is not in effect due to a failure to act.

Related Terms: 6 Insurance, Insurance policy, Leg, Policy, Right, Ring

Other Related Pages: Category: Insurance Starting With: L

Additional Related Terms: Average collection period, All or any part, Accommodative monetary policy, Adjustable life insurance, Action to quiet title, As is, Assignment to creditors, Attorney in fact, A shares, Average price per share