lapsable

/ˈlæpsəbəl/
adjective
  1. Capable of being lost, ended, or no longer valid because of time, inaction, or failure to meet conditions.
    • The scholarship is lapsable if the student's grades fall below a B average.
    • Her membership in the club is lapsable if she misses three meetings in a row.
    • The warranty on this device is lapsable if you do not register it within 30 days.
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What does "lapsable" mean? | whatsthatwordmean | whatsthatwordmean