Legal Definitions - lapsus bonis

Definition: Lapsus bonis (lap-suh s boh-nis) is a Latin term used in Scots law to describe a person who has fallen on hard times financially.

Example: John was a successful businessman until the recession hit. He lost his job and struggled to pay his bills. He was considered a lapsus bonis.

Explanation: The example illustrates how a person who was once financially stable can experience a sudden change in circumstances and become a lapsus bonis. This term is used to describe someone who is temporarily struggling financially and may need assistance to get back on their feet.