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The Collaborative International Dictionary
Lapsed devise

Lapsed \Lapsed\, a.

  1. Having slipped downward, backward, or away; having lost position, privilege, etc., by neglect; -- restricted to figurative uses.

    Once more I will renew His lapsed powers, though forfeit.
    --Milton.

  2. Ineffectual, void, or forfeited; as, a lapsed policy of insurance; a lapsed legacy.

    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.).