Lapsed

Part of speech: adjective (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.).