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lapse rate |
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lapse rate n (Earth Sciences / Physical Geography) the rate of change of any meteorological factor with altitude, esp atmospheric temperature, which usually decreases at a rate of 0.6°C per 100 metres (environmental lapse rate). Unsaturated air loses about 1°C per 100 m (dry adiabatic lapse rate), whereas saturated air loses an average 0.5°C per 100 m (saturated adiabatic lapse rate)
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One piece of the proposal allows the use of lapse rates in calculating reserves for the no-lapse guarantee on the UL policies. PCI experienced continued improvement in lapse rates and agency force productivity in 2005. It is said that there are data to support this step, particularly as regards the links between unfavorable credit records and high early lapse rates. |
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