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PSEProducer support estimateSimilar MatchesLapseLapseIn insurance terminology, a policy is deemed to have lapsed when the policyholder fails to pay the renewal premiums. Also, it may be that the insurers do not invite renewal. Lapsed optionLapsed optionThe expiry of an option without being exercised by the holder. In the UK this is known as abandonment. Upset priceUpset priceThe minimum price at which a seller of property will accept a bid at an auction. Lapsed optionLapsed optionAn option that no longer has any value because it has reached its expiration date without being exercised. |
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