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Lapsed was created on 1997-10-21.

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Lapsed was created on 1997-10-21.

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Lapsed means that you have run out of time or expired. For example, the extended warranty you purchased for your Ford F 150 has lapsed so the repairs for your new transmission will be out of pocket.

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The root word for "lapsed" is "lapsum" in Latin, which means to slip or fall.

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If thee policy has already lapsed, there is no active policy to cancel. It means that it is already cancelled.

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