adjective
- capable of lapsing or expiring; subject to termination through the passage of time or failure to meet conditions
Usage: legal; formal
Examples
- The insurance policy is lapsable if premiums are not paid on time.
- His membership became lapsable after failing to renew for two consecutive years.
- The contract contains several lapsable clauses that expire automatically.
- The patent rights are lapsable unless properly maintained.
- Her voting privileges were lapsable due to non-participation in meetings.
- The scholarship offer is lapsable if not accepted within thirty days.