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term:
Executory
executory adj
: designed or of such a nature as to be performed in the future or to take effect on a future contingency [cancellation of the portion of the contract “J. J. White and R. S. Summers”] compare contingent
Source: Merriam-Webster’s Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.