Lapse: Difference between revisions

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1) v. to fail to occur, particularly a gift made in a will. 2) v. to become non-operative. 3) n. the termination of a gift made by will or for future distribution from a trust, caused by the death of the person to whom the gift was intended (the beneficiary, legatee, devisee) prior to the death of the person making the will or creating the trust (the testator, trustor or settlor).
v. i.) To slide or slip in moral conduct; to fail in duty; to fall from virtue; to deviate from rectitude; to commit a fault by inadvertence or mistake.

Latest revision as of 15:03, 3 June 2024

v. i.) To slide or slip in moral conduct; to fail in duty; to fall from virtue; to deviate from rectitude; to commit a fault by inadvertence or mistake.