English Dictionary: lapsed legacy | by the DICT Development Group |
1 result for lapsed legacy | |
From Webster's Revised Unabridged Dictionary (1913) [web1913]: | |
Lapsed \Lapsed\, a. 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. 2. Ineffectual, void, or forfeited; as, a lapsed policy of insurance; a lapsed legacy. {Lapsed devise}, {Lapsed legacy} (Law), 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 ether cause. --Wharton (Law Dict.). |