executory consideration
Definition
Something given or accepted in return for a promise, where the promised act remains to be performed on a future date. See also executed consideration.
email to a friend
print this definition
cite this definition
link to this page
executory consideration is in the Agreements & Contracts and Corporate, Commercial, & General Law subjects.
executory consideration appears in the definition of the following term: executed consideration
This content can be found on the following page:
http://www.businessdictionary.com/definition/executory-consideration.html