Definition, Meaning & Synonyms

executory

adjective

/ɛkˈsjʊtəri/

Definition

Relating to or having the power to execute, usually in the context of contracts or agreements.

Examples

The executory contract required both parties to fulfill their obligations within three months.
He signed an executory agreement, which means certain terms still need to be completed.
Many executory provisions are essential for the closure of real estate transactions.

Meaning

The term ‘executory’ refers to something that is not fully completed or executed, particularly regarding obligations or agreements that are yet to be fulfilled.