There are multiple definitions - click on the translation that matches your context.

caducar

verbo

full

lapse

verb

Definitions of lapse

English

to end officially because too much time has passed

The patent lapsed because the maintenance fees were not paid on time.

English

to not happen, especially a gift made in a will

Just because one of the beneficiaries has died and the gift of that beneficiary lapsed does not invalidate the will.