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lapse and determine

English translation: lapse and terminate [see other options]

13:24 Feb 11, 2024
English language (monolingual) [PRO]
Bus/Financial - Business/Commerce (general)
English term or phrase: lapse and determine
What does it mean, as used in the following sentence:

Subject thereto, all Options then outstanding shall lapse and determine on the
commencement of the winding-up.
Angeliki Papadopoulou
Greece
Local time: 17:36
Selected answer:lapse and terminate [see other options]
Explanation:
cease and determine
lapse and determine
=
lapse and terminate
lapse and end
cease and terminate
cease and end
etc.

see my ref comment
Selected response from:

Michael Beijer
United Kingdom
Local time: 15:36
Grading comment
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
5 +2lapse and terminate [see other options]
Michael Beijer
4 -3lapse and determine
| ChatGPT |
Summary of reference entries provided
Actual text
writeaway
refs.
Michael Beijer

  

Answers


0 min   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): -3
lapse and determine


Explanation:
In both fields, "lapse and determine" refers to the ending or termination of something. In the context of financial options, it means that the options will expire and become void when the winding-up process begins. In zoology, it signifies the natural end or completion of a certain process or action.

Example sentences:

- All unused vacation days will lapse and determine at the end of the year.
- The research grant will lapse and determine if the project is not completed within the given timeframe.
- The function of certain genes is to determine and lapse certain developmental stages in organisms.
This is an AI-generated answer.


| ChatGPT |
Local time: 10:36
Native speaker of: Native in EnglishEnglish
Notes to answerer
Asker: :D :D


Peer comments on this answer (and responses from the answerer)
disagree  AllegroTrans: wwwsd4000n123w123w123w%wwwwwwwwwwwwww88888888888888888888888888zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
3 hrs
disagree  Anastasia Kalantzi: Βρε δε πάτε στο διάολο λέω γω κι εσείς και η τεχνητή νοημοσύνη σας;!
4 hrs
disagree  Daryo: Using statistics (about how words are used in sentences) to generate (not even entertaining) BS is supposed to be some kind of improvement on "lies, big lies and statistics"???
9 hrs
neutral  Cilian O'Tuama: Is there an option for hiding all ChatGPT input from my view?
12 hrs
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22 mins   confidence: Answerer confidence 5/5 peer agreement (net): +2
lapse and terminate [see other options]


Explanation:
cease and determine
lapse and determine
=
lapse and terminate
lapse and end
cease and terminate
cease and end
etc.

see my ref comment

Michael Beijer
United Kingdom
Local time: 15:36
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4
Notes to answerer
Asker: Thanks, Michael, that certainly makes more sense. :)


Peer comments on this answer (and responses from the answerer)
agree  Anastasia Kalantzi: https://wikidiff.com/terminate/lapse
3 hrs
  -> thanks!
agree  AllegroTrans: come to an end and cease to have any effect, in simple terms
1 day 7 hrs
  -> thanks!
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Reference comments


32 mins peer agreement (net): +2
Reference: Actual text

Reference information:
SHARE OPTION SCHEME - 01689.HK undefined

Stock.us
https://stock.us › filing › view
... Subject thereto, all Options then outstanding shall lapse and determine on the commencement of the winding-up. 7.3 If under the Companies Act a compromise ...

writeaway
Works in field
Native speaker of: Native in EnglishEnglish

Peer comments on this reference comment (and responses from the reference poster)
agree  AllegroTrans
2 hrs
agree  Anastasia Kalantzi
3 hrs
neutral  Daryo: broken link
13 hrs
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17 mins peer agreement (net): +1
Reference: refs.

Reference information:
In the context you've provided, the word "determine" is used in a legal or formal context to mean "to come to an end" or "to expire." It is not commonly used in everyday language with this meaning but is often found in legal, contractual, or formal documents to describe the end of an agreement, contract, or other arrangement.



--------------------------------------------------
Note added at 20 mins (2024-02-11 13:44:34 GMT)
--------------------------------------------------

determine:

"A. Archaic Sense.
Used without a direct object, determine in legal prose is an archaism in the sense “to terminate; bring or come to an end.”

[…]

Nonlawyers are likely to be confused by this legalistic usage; hence a simpler wording might often be called for—e.g.: “The trust will terminate [or end].”

On the use of the verbose phrase “cease and determine”, see doublets, triplets, and synonym- strings."

(https://premium.oxforddictionaries.com/secondary/garner_dict... )(paid)

--------------------------------------------------
Note added at 24 mins (2024-02-11 13:48:38 GMT)
--------------------------------------------------

see e.g.:

https://www.google.com/search?q=options "lapse and terminate...

Googling: options "lapse and terminate" legal

--------------------------------------------------
Note added at 4 hrs (2024-02-11 17:40:23 GMT)
--------------------------------------------------

see e.g.:

• https://weagree.com/clm/contracts/contract-wording/doublets-...
• https://www.languageservicesdirect.co.uk/legal-doublets-what...

Michael Beijer
United Kingdom
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4

Peer comments on this reference comment (and responses from the reference poster)
agree  philgoddard: I think your answer is a bit confusing, though - you can't define "lapse" as "lapse".
1 hr
  -> yeah, but that's because it's one of those paired synonyms, as mentioned @ https://premium.oxforddictionaries.com/secondary/garner_dict... (null and void, cease and come to an end, etc.)
agree  Anastasia Kalantzi
3 hrs
  -> thanks!
disagree  Daryo: Dig a bit deeper, and ...: "lapse" only AND "lapse and determine" are both used for share options, and they do not apply to "comparable" situations IOW these are not 2 synonyms.. see https://www.fujikon.com/wp-content/uploads/2023/08/share-opt...
13 hrs
  -> leaving aside for a moment whether there is a difference between "lapse" + "determine", would you agree that "lapse and determine" is synonymous with "lapse and end" or "lapse and terminate"?
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