lapsation

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English

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Etymology

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From lapse +‎ -ation.

Noun

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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[1]:
      Both constant withdrawal and optimal withdrawal (including lapsation) strategies are considered.

Anagrams

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