Re #7; "
Lapse" would refer more to some kind of license, insurance, visa, certification, etc. that one doesn't renew, so I can't agree with dude on this one.
I don't quite understand your sentiment there. One can most certainly renew a license, visa, or insurance (policy), for instance. But more to the point: deadlines can also lapse, as can appointments, although those admittedly could be of a slightly different sort. But here are some lapsed deadlines:
lapse of the deadline
Most of the limited partners have indicated a willingness to let the deadline lapse, these people said.
The New York Times
Televisa let the deadline lapse, the executives said, in part because an investment partner, the Carlyle Group of Washington, dropped out of the consortium ...
If it's literally coming down to the deposit deadline, can we just let the deadline lapse and assume they know we are not attending?
In recent years, Congress has regularly let the deadline lapse but has eventually come up with the money in time to let sales- resume.
etc., etc.