/læpst/ – Adjective
Definition: 1. đã hết hạn, đã chấm dứt;
2. đã mất hiệu lực, không còn giá trị;
3. đã chuyển dịch sang (về quyền).
A more thorough explanation: In legal terms, the word “lapsed” typically refers to a situation where a legal right, privilege, or contract has expired or become invalid due to the failure to fulfill certain conditions or requirements within a specified time frame.
Example: The contract lapsed due to the failure of the parties to reach an agreement within the specified time frame.