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What does lagged mean?

Looking for the meaning or definition of the word lagged? Here's what it means.

Verb
  1. simple past tense and past participle of lag
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Examples
We have to be cognizant of those lags and move monetary policy anticipating that it has a lagged effect on the economy.
The fund has lagged the index in the recent bull market, but it's a long-term index beater.
We first conducted computerized searches for the year 1994 and then gathered data for the years 1990-1992 so as to study lagged effects.
She remembered how there were pipes in a basement ward lagged with what appeared to be asbestos insulation.
Europe's benchmark stock indexes have lagged comparable US measures this year, but they may soon start to pull ahead.
Meanwhile, the restructuring of non-bank financial intermediaries has lagged behind that of banks.

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