Designed to be executed or carried into effect in time to come, or to take effect on a future contingency; as, an executory devise, reminder, or estate; an executory contract.
A characteristic of a life insurance contract which contains legally enforceable promises.
A legal characteristic of some types of contracts, such as insurance, whereby the completion of the agreement will occur in the future as opposed to the present time.
Something unfinished or not yet fully performed.
A contract or agreement not yet performed.
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.
Unfulfilled action where something remains to be done in order to be completed.