lapsed policy

lapsed policy
See lapse.

Ballentine's law dictionary. . 1998.

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Look at other dictionaries:

  • lapsed policy — Insurance policy on which there has been default in payment of premiums. Policy remaining in force according to statutory provisions after such default (normally a 30 or 31 day grace period on nonpayment of premiums is provided) …   Black's law dictionary

  • lapsed policy — Insurance policy on which there has been default in payment of premiums. Policy remaining in force according to statutory provisions after such default (normally a 30 or 31 day grace period on nonpayment of premiums is provided) …   Black's law dictionary

  • lapsed policy — /læpst pɒlɪsi/ noun an insurance policy which has been terminated because premiums have not been paid …   Dictionary of banking and finance

  • Lapsed — Lapsed, a. 1. Having slipped downward, backward, or away; having lost position, privilege, etc., by neglect; restricted to figurative uses. [1913 Webster] Once more I will renew His lapsed powers, though forfeit. Milton. [1913 Webster] 2.… …   The Collaborative International Dictionary of English

  • Lapsed devise — Lapsed Lapsed, a. 1. Having slipped downward, backward, or away; having lost position, privilege, etc., by neglect; restricted to figurative uses. [1913 Webster] Once more I will renew His lapsed powers, though forfeit. Milton. [1913 Webster] 2.… …   The Collaborative International Dictionary of English

  • Lapsed legacy — Lapsed Lapsed, a. 1. Having slipped downward, backward, or away; having lost position, privilege, etc., by neglect; restricted to figurative uses. [1913 Webster] Once more I will renew His lapsed powers, though forfeit. Milton. [1913 Webster] 2.… …   The Collaborative International Dictionary of English

  • lapsed — /lapst/, adj. 1. expired; voided; terminated: a lapsed insurance policy. 2. no longer committed to or following the tenets of a particular belief, obligation, position, etc.: a lapsed Catholic. [1610 20; LAPSE + ED2] * * * …   Universalium

  • NUS No Platform Policy — No Platform is a policy of the National Union of Students (NUS) of the United Kingdom. Like other No Platform policies it asserts that no one considered Racist or Fascist should be able to stand in any NUS election or participate in any NUS… …   Wikipedia

  • reinstatement of policy — The revival of a policy of insurance after it has lapsed or become forfeited, especially a forfeiture for the nonpayment of premiums, pursuant to a provision for revival contained in the policy and the performance of such conditions as are… …   Ballentine's law dictionary

  • revival of policy — The reinstatement of a policy of insurance after it has lapsed or become forfeited, especially where forfeited for the nonpayment of premiums, pursuant to a provision for reinstatetment contained in the policy and the performance of such… …   Ballentine's law dictionary

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