Definition of
lapse
expiry of option without trading the termination of an option without trade in the underlying security or commodity
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expiry of option without trading the termination of an option without trade in the underlying security or commodity
Definitions of ’lapse’ and meaning of ’lapse’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’lapse’ and other financial terms with our online QFINANCE Financial Dictionary.