Lapse
Appropriated funds that go unspent by the end of the period.
Plain English
Money that was allocated but not spent by the end of the fiscal year, and is lost.
If you’re new here
It's why spending conversations intensify in late winter. Lapsing is generally seen as a planning failure.
What they probably mean
“We didn't spend it, and now we can't.”
Interpretation offered as humour, not authoritative guidance.
Bureaucracy level
How much government-speak this phrase carries. Playful indicator, not a judgement of anyone using it.
Related terms
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Important
GC Simplified is an independent tool, not affiliated with or endorsed by the Government of Canada, and it does not provide official advice. Plain language is an interpretation, and interpretations can be wrong. Always verify against the source and your organization’s own guidance before acting.