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English definition of “lapse of time”

lapse of time

noun    
[C, usually singular] (also time lapse) a period of time that passes: There was a considerable lapse of time between agreement being obtained and work actually going ahead.
[C, usually singular, or U] LAW the reason for a legal agreement ending, because an agreed time limit has passed: The contracts had been terminated because they had expired by lapse of time.
(Definition of lapse of time noun from the Cambridge Business English Dictionary © Cambridge University Press)
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