Executory

Unfinished; yet to be performed; future. Executory consideration: a consideration which is to be performed after the making of the promise on which it is founded. Executory contract: a contract which is to be executed at some future time; a contract upon which something remains to be done, — as where the party binds himself to do, or not to do, a particular thing. Executory devise: in a general sense, a devise of a future interest in lands, not to take effect at the testator's death, but limited to arise and vest upon some future contingency; more strictly, a limitation by will of a future contingent interest in lands, contrary to the rules of the common law. Executory estate: an estate depending on some future circumstance or contingency, which must happen before any interest can pass. Executory remainder: v.

Contingent remainder

Executory trust: a trust which can have full effect only upon the doing of some further act by the author of the trust, or the trustee, and which in the meantime rests in covenant