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From: Webster's Revised Unabridged Dictionary (1913)

 Lach·es Lache n.  Law Neglect; negligence; remissness; neglect to do a thing at the proper time; especially, a delay in asserting a claim, sufficient to cause a person to lose the right to adjuducation of the claim by a court.
    It ill became him to take advantage of such a laches with the eagerness of a shrewd attorney.   --Macaulay.