Lapsed Rights

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 ?
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.