executory


Also found in: Dictionary, Thesaurus, Financial, Encyclopedia, Wikipedia.
Related to executory: Executory interest

Executory

That which is yet to be fully executed or performed; that which remains to be carried into operation or effect; incomplete; depending upon a future performance or event. The opposite of executed.

executory

adj. something not yet performed or done. Examples: an executory contract is one in which all or part of the required performance has not been done; an executory bequest is a gift under a will which has not been distributed to the beneficiary.

executory

adjective contingent, imperfectus, not yet carried into operation, unaccomplished, uncompleted, unfinished, unperformed
Associated concepts: executory accord, executory bequest, executory consideration, executory contract, executory deeise, executory estate, executory gift, executory instruuent, executory interest, executory limitation, executory remainder, executory treaty, executory trust

executory

remaining to be done.

EXECUTORY. Whatever may be executed; as an executory sentence or judgment, an executory contract.

References in periodicals archive ?
suggested that a Chapter 11 debtor cannot compel the non-debtor party to continue to perform under an executory contract where the debtor was in breach of the contract prior to the bankruptcy, such as by failing to timely pay invoices.
More troubling, however, is that the debtor (or trustee) can opt to assume and assign the executory agreement to a third party.
A debtor cannot assume or assign an executory contract, over the objection of the non-debtor party, if applicable nonbankruptcy law excuses the nondebtor party from accepting performance from an entity other than the debtor or debtor-in-possession.
Samaniego, where it was held that such are immediately executory pending appeal and may not be stayed by the filing of an appeal or the issuance of an injunctive writ,' the ABP argued.
The decision of the SEC is executory," Medialdea said when asked whether the president ordered the barring of Ranada from Palace events.
17 is "categorical in providing that an appeal shall not stop the decision from being executory, and that such shall be executed as a matter of course.
Target: Substantially all of Magnetation's remaining assets, certain liabilities, certain executory contracts and leases
The NewPage court ruled that preference targets have a complete defense to a preference claim based on payments made under an executory contract that the debtor had assumed.
22) Subject to various restrictions, the Code allows a debtor-in-possession or bankruptcy trustee to reject executory contracts in order to reach economic viability.
For "Type B" leases (mostly executory contract real estate leases and a few short-term executory contract equipment leases), the liability is accounted for using effective interest amortization, which imputes interest expense, while the amortization of the asset is a "plugged" amount that ensures a level total lease expense over the lease term.
They emphasize distinguishing among contingent remainders, executory interests, and vested remainders subject to divestment, and focus on the common law of estates in land and future interests in England in about 1700, covering future interests before and after 1536.