Executory
11executory remainder — see remainder Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. executory remainder …
12executory trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. executory trust n …
13executory trust — ➔ trust * * * executory trust UK US noun [C] LAW ► a trust (= legal arrangement in which a person or organization controls another s money or property) that cannot be used until extra instructions have been received, because it does not give… …
14executory contract or lease — Generally includes contracts or leases under which both parties to the agreement have duties remaining to be performed. (If a contract or lease is executory, a debtor may assume it or reject it.) (BankruptcyAction.com) United Glossary of… …
15executory accord — n: accord (3) Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …
16executory devise — see devise Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …
17Executory interest — An Executory Interest is a future interest, held by a third party transferee (i.e. someone other than the grantee), which either cuts off another s interest or begins after the natural termination of a preceding estate. It differs from a… …
18Executory contract — An executory contract is a contract in which a party has material unperformed obligations. Although material, an obligation to pay money does not usually make a contract executory. An obligation is material if a breach of contract would result… …
19executory interest — noun An third party interest in an estate in land created by the conditions of a grant wherein the grantor gives the land to a second party, but with said land going to a third party upon the occurrence of a condition; an interest created subject …
20executory devise — Devise of a future estate, and, if the executory devisee dies before the event happens, the estate goes to the heir at the time of the event, and not to the heir at the time of the death of the devisee. The happening of the contingency determines …
