"Subscription lapse" refers to the situation when a subscription or membership that you have expires or ends because you didn't renew or continue with it. Full definition
Like most of you I've let my print magazine subscriptions lapse over the past several years. (jwikert.typepad.com)
If he knows something and is making those comments I'm out on Nextbox and am finally going to let my 6 year Live subscription lapse in May. (neogaf.com)
Essentially, his Plus subscription lapsed for a couple of days, and he subsequently renewed the subscription via his PlayStation 4. (playstationing.com)