Lapsed Rights

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Lapsed Rights

Rights attached to a security that have expired. For example, a stock may have rights attached to it contingent upon future payment of some amount. If the amount is not paid, the rights lapse.
References in periodicals archive ?
As a result, the value of the lapsed right to liquidate and withdraw the value of both the general and the limited partnership units should be included in the gross estate under Sec.
Any lapsed rights from the issue will be offered to financial intermediaries during an intermediaries offer.
Shareholders who let the rights lapse still receive a payment from BT, which will pool the lapsed rights and sell them on the market after the rights expire.