[NEED LEGAL HELP?] Call our 24/7 Helpline: 1-866-723-4855


Definition - What does Executory mean?

Executory refers to something which has not yet been finalized, performed, remains incomplete, or unaccomplished. It can also be explained with an example of a contract in which few or all of the required performances have not yet been done.

Justipedia explains Executory

Other examples may include an executory bequest where a gift is still not distributed among the beneficiaries of a particular will. Similarly, a trust may also be executory when there is an additional act required by the trustees and it is not yet completed.

Connect with us

Justipedia on Linkedin
Justipedia on Linkedin
"Justipedia" on Twitter

Sign up for Justipedia's Free Newsletter!

Find a Lawyer