Found 1 items, similar to Lapsed legacy.
English → English (gcide) Definition: 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. Ineffectual, void, or forfeited; as, a lapsed policy of insurance; a lapsed legacy. [1913 Webster] 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 other cause. --Wharton (Law Dict.). [1913 Webster]