The termination of a privilege or something one is owed thanks to inaction. For insurance purposes this can occur if one does not pay their premiums and lead to an individual having their protection and benefits taken away.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser