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Ambiguity is ubiquitous in language; lexical ambiguity refers to instances where a single word has multiple meanings. The current investigation examined homonyms, words that have the same orthography and pronunciation in English but multiple meanings (e.g., BANK, meaning "financial institution" or "river's edge"). The processing of homonyms requires the engagement of executive control processes, for example, to select the appropriate meaning of the homonym while reducing interference from other meanings. Executive function processes are known to change over the lifespan and may be impacted by experiential factors such as bilingualism. The present study uses event-related brain potentials as an index of lexical access to examine whether bilingualism influences homonym processing in older adults. The results indicate that patterns of lexical access differ as a function of bilingual status in older adults and compared to young adults, suggesting that language experience may moderate language processing in both young and older adults, at least in situations where language processing is demanding on executive function, such as in the processing of homonyms. Importantly, we show that older bilinguals show a somewhat similar pattern of ambiguity processing as their younger counterparts, while age differences were observed in monolinguals when comparing across studies. This suggests that bilingual language experience may have a mitigating impact on age-related changes in ambiguity processing. [ABSTRACT FROM AUTHOR]