lapse noun Meaning in Cambridge Business English Dictionary
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Meaning of "lapse" - Business English Dictionary

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lapse

noun
 
 
/læps/
[C] a mistake that is made because of a temporary lack of attention to something: lapse in sth There had been a lapse in security at the company, and the personal details of hundreds of customers had been made public. a security lapse
[C, usually singular] a period of time that passes between two things happening: The company will resume paying a quarterly dividend on common shares, following a two-year lapse. a time lapse
(Definition of lapse noun from the Cambridge Business English Dictionary © Cambridge University Press)
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