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English
Etymology
From lapse + -ation.
Noun
lapsation (plural lapsations)
- 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.
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