lapsation

English

Etymology

From lapse +‎ -ation.

Noun

lapsation (plural lapsations)

1. A lapse (act or result of lapsing)
   • 2015, Ludovic Goudenege, Andrea Molent, Antonino Zanette, “Pricing and Hedging GLWB in the Heston and in the Black-Scholes with Stochastic Interest Rate Models”, in arXiv‎:

     Both constant withdrawal and optimal withdrawal (including lapsation) strategies are considered.

Anagrams

• talapoins