lapsed


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Related to lapsed: Lapsed Policy

lapse from grace

1. noun An instance in which acts or lives immorally, thus causing them to fall out of favor with God. My pastor said God will always forgive a lapse from grace if you truly repent.
2. noun An instance in which one does something that tarnishes one's reputation, causing one to fall out of favor with someone, such as the public. That actor had a catastrophic lapse from grace after his racially-charged tirade on social media. After my lapse from grace with my previous employers, I decided to set out on my own and begin my own company.
3. verb To fall out of favor with God or the church, typically due to acting or living immorally. Many a virtuous man and woman to lapse from grace in the pursuit of wealth and material success. The archbishop lashed out at priests who have lapsed from grace and besmirched the dignity of the church.
4. verb To fall out of favor, typically due to having done something that tarnishes one's reputation. Once an icon of the pop-music world, the singer lapsed from grace following a string of run-ins with the police.
See also: grace, lapse

lapse into (something)

To fall into some state or condition. John lapsed into a severe depression after being fired from his job. She survived the emergency surgery, but lapsed into a coma shortly thereafter.
See also: lapse

lapse from grace

 
1. Lit. to fall out of favor with God. The child was told that if he ever smoked even one cigarette, he would lapse from grace for certain. It is easy, these days, to lapse from grace.
2. Fig. to fall out of favor. Ted lapsed from grace when he left the lobby door unlocked all weekend. I have to be there on time every day or I will lapse from grace for sure.
See also: grace, lapse
References in periodicals archive ?
Most nonprofits put considerably more effort and funding into acquisition than lapsed reactivation.
The amount over which each beneficiary's power lapsed was less than $5,000 or five percent of the aggregate value of the assets out of which the exercise of the lapsed power could have been satisfied.
"Most nonprofits have more lapsed donors than current donors," said Nick Stavarz, president of Synergy Direct Marketing Solutions, Mogadore, Ohio.
The majority of the contracts are not lapsed. The average rates are 1.13 percent for lapse, 0.78 percent for statutory lapse, and 98.09 percent for no lapse.
Insurers should consider and implement a variety of operational changes, ranging from simply adding more prominent wording on the outside of envelopes containing lapse warning notices to reduce the likelihood of them being inadvertently discarded as "junk mail", to complex changes to the premium collection process to ensure checks are from current, not lapsed, customers before being deposited.
Mining lapsed pools for highly committed donors is the first step in identifying planned giving donors.
All circuits would almost certainly apply Peterson to GSTs in which the power lapsed.
When comparing with-profit policies, single premium business is lapsed less often than regular premium business.
Nonprofits reacquire lapsed donors through alternate methods and have developed many different strategies to combat donor fatigue and other reasons donors become disinterested in giving.
The insurer thus might incur losses from lapsed policies.
With regard to the second issue, the letter ruling stated, "Because 1) the Employment Agreement conferred a preferred equity interest on Child's spouse that was senior to the decedent's retained interest, and 2) the decedent's liquidation right (that was inherent in his retained interest) lapsed as a result of the transfer, the execution of the Employment Agreement constituted a gift by the decedent for purposes of section 2704(a)."
2514(e) provides that the lapse of a power is to be treated as a release of the power, but only to the extent that the property that could have been appointed by the exercise of such lapsed power exceeds the greater of $5,000 or 5% of the aggregate value of the assets out of which the lapsed power could have been exercised.
The lapse of the withdrawal power would not be treated as a taxable gift by the grandchild unless the value fo the right exceeded the greater of $5,000 or 5% of the value of the assets out of which the lapsed power could be satisfied (Sec.