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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

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.

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

executory

remaining to be done.
Collins Dictionary of Law © W.J. Stewart, 2006

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

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
Registered contracts with the status of executory instruments shall allow the settlement within a period of time from two days to three weeks maximum, and encourage litigants to have recourse to this mechanism.
Section 365 of the Bankruptcy Code governs the debtor's and creditor's rights under an executory contract.
is an executory contract, and federalism issues regarding treatment of
All leases do not merely transfer ROUs; there is no step in the ROU approach to analyze the contractual rights and obligations and to separate leases by their legal nature--that is, either capital leases (rights of ownership [ROO] leases) or executory contracts (ROU leases).
On the other hand, if the issue is unrecorded executory contracts, there is then no need to have criteria at all.
Most franchise agreements are "executory contracts." In other words, the obligations of both the franchisor and the franchisee debtor are so far unperformed on the date of bankruptcy that the failure of either to complete performance would constitute a material breach excusing the performance of the other.
Sections 541 (property of the estate) and 365 (executory contracts and unexpired leases) of the Bankruptcy Code are critical to the analysis.
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.
[section] 1.988-5(d) extends integration treatment to hedged qualified payments in a manner similar to that afforded hedged executory contracts under Treas.
The EITF was asked to address how to consider executory costs in calculating the profit to be deferred in a sale-leaseback transaction.
Iglesia said the Ombudsman decision was executory and allowing Cawaling to assume office would make the decision inutile and resurrect the already abandoned Aguinaldo doctrine.
It also covers those with pending criminal cases with the Department of Justice (DOJ) or at the courts for tax evasion and other criminal offenses, those with final and executory judgment by the courts on or before the effectivity of the RR, as well as withholding tax liabilities of withholding agents arising from their failure to remit withheld taxes.