executory contract

  

Definition

Contract under execution, or where one or more parties have not yet performed their duties as stipulated in the contract document. An ongoing lease agreement is an executory contract.

Use executory contract in a sentence

Related Videos




http://www.businessdictionary.com/definition/executory-contract.html

Have a question about executory contract? Ask for help in the
Community
advertise here

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z