Definitions for "Executory"
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.
Pertaining to administration, or putting the laws in force; executive.