Lapsed


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Related to Lapsed: Lapsed Policy

LEGACY, LAPSED. A legacy is said to be lapsed or extinguished, when the legatee dies before the testator, or before the condition upon which the legacy is given has been performed, or before the time at which it is directed to vest in interest has arrived. Bac. Ab. Legacy, E; Com. Dig. Chancery, 3 Y 13; 1 P. Wms. 83. Lownd. Leg. 408 to 415; 1 Rop. Leg. 319 to 341. See, as to the law of Pennsylvania in favor of lineal descendants, 5 Smith's Laws of Pa. 112. Vide, generally, 8 Com. Dig. 502-3; 5 Toull. n. 671.

References in periodicals archive ?
Aside from CBCP Inc.'s franchise, TV5 Network Inc.'s franchise was also renewed for another 25 years, among other franchise renewal bills that also lapsed into law.
According to a copy of the law released by Malacaaang Thursday, the bill lapsed into law on April 22, 2019.
This coincides with anecdotal evidence that a large number of policies are in fact lapsed at that time.
Therefore as the meeting have not been held on or before 21 July 2016, WSP, with the consent of the Takeover Panel, has lapsed its offer.
Therefore, the policy and chronic illness rider would remain lapsed.
The first step to reactivating more lapsed donors might be to change the way you think about them.
These were bills that the governments kept pending for years and have lapsed in the past as well despite approvals ,he added.
In the spirit of streamlining and simplifying the certification process, it is very easy to reinstate a lapsed renewal!
Among those who initially abstained, 83% on placebo lapsed, compared with 70% of smokers who used a nicotine patch with a lozenge, 71% on bupropion with a lozenge, 74% on bupropion, 73% on a lozenge, and 76% on a patch.
The bank said that a deal to sell its operations in Pakistan to MCB Bank has lapsed. The deal was worth GBP54m.
* If you have lapsed, buy special "lapse coverage" E&O insurance.