Lapsed

a.
  1. Having slipped downward, backward, or away; having lost position, privilege, etc., by neglect; -- restricted to figurative uses.
  2. Ineffectual, void, or forfeited; as, a lapsed policy of insurance; a lapsed legacy.
  3. 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.