Executed
A Law Dictionary and Glossary · George C. Kinney · 1893
A Law Dictionary and Glossary
Finished; effected; fully performed; now in foi'ce; now existent; past. v. Executory. Executed consideriition: a consideration ijerformed prior to the promise on which it is founded. Executed contract: a contract which is completed when it is made, as upon a sale for cash. Executed estate: an estate in possession, by which a present interest passes to, and resides in, the tenant, without regard to any subsequent circumstance or contingency. - Executed remainder: a remainder by which a present interest passes to the party. Executed trust: a trust fully created and precisely defined. Executed use: a use to which the legal possession or estate is transferred or annexed by statuta Executed writ: a writ carried into effect by the ofl Scer to whom it is directed.