society > law > legal right > right of possession or ownership > right to succeed to title, position, or estate > reversion > revert [verb (intransitive)] > lapse (2)
intransitive. Of a lease, contract, law, legal provision, etc.: to reach or approach the end of its period of application or validity; to lapse.
Law. Of a benefice, an estate, a right, etc.: To fall in, pass away, revert (to some one) owing to non-fulfilment of conditions or failure of…