executory


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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 ?
Short-term leases will continue to be accounted for as executory contracts as a "practical expedient" (because the amounts are immaterial or because the accounting would be unduly burdensome), but not because there is anything different about the economic substance of a short-term lease.
Bildisco and Bildisco, 1984), Gonzalez notes that the Supreme Court has established that one of the goals of bankruptcy reorganizations is to release debtors from executory contracts which might prove "burdensome" and hinder the rehabilitation of the debtor under a post-bankruptcy reorganization.
After assuming an executory contract, the debtor may assign the contract to another party, notwithstanding any contractual prohibition of or condition to assignment (such as requiring the non-debtor party's consent).
In Ehmann, the court analyzed the duties owed by a bankrupt member to the LLC to determine whether the operating agreement was an executory contract.
Executory contracts are dealt with primarily in [section] 365 of
Post-petition contracts are binding and not subject to the procedures outlined above governing executory contracts existing on the petition date.
He had borrowed money from his in-laws, dipped into his father's executory, took money from elderly clients' building society accounts and held on to cheques belonging to other clients to get use of the funds to cover his tracks.
There is only slight discussion of filing proofs of claim, the primary tool to seek recovery through the bankruptcy process, and no discussion of related issues such as the termination of executory contracts after bankruptcy.
The code also allows for rejection of executory contracts where they are onerous for the debtor to perform.
988-5(d) extends integration treatment to hedged qualified payments in a manner similar to that afforded hedged executory contracts under Treas.