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Executory contract
Executory contract A contract under which something remains to be done by one or more of the parties.
RELATED TERMS--------------------------------------
Contract
A legal agreement between entities that requires each to conduct (or refrain from conducting) certain activities.
SIMILAR TERMS--------------------------------------
Execute
The act of making a document legally valid, such as formalizing a contract by signing or acknowledging and delivering a deed.
Executed contract
An agreement that has been fully performed.
Execution
The signing and delivery of an instrument. Also, a legal order directing an official to enforce a judgment against the property of a debtor.
Executor
A person named in a will to administer an estate. The court will appoint an administrator if no executor is named.
Executrix
A female person appointed by a testator to carry out the directions and requests in his or her last will and testament, and to dispose of his or her property according to the provisions of the will.
PREVIOUS AND NEXT TERMS--------------------------------------
Exculpatory clause
A clause in an agreement that relieves a party from all obligation for his or her acts or failure to act.
Execute
The act of making a document legally valid, such as formalizing a contract by signing or acknowledging and delivering a deed.
Executed contract
An agreement that has been fully performed.
Execution
The signing and delivery of an instrument. Also, a legal order directing an official to enforce a judgment against the property of a debtor.
Executor
A person named in a will to administer an estate. The court will appoint an administrator if no executor is named.
Executory contract
Executrix
A female person appointed by a testator to carry out the directions and requests in his or her last will and testament, and to dispose of his or her property according to the provisions of the will.
Exemplary damages
Monetary damages that go beyond the actual compensatory damages. They are awarded to punish a wrongdoer for fraudulent, malicious and wrongful conduct.
Exhaust fan
Ventilating devices that remove water vapor, undesired smells or smoke.
Existing liabilities
Expenses taken into account by a mortgage lender when assessing an applicant’s ability to repay the loan.
Exit strategy
Strategy available to investors when they desire to liquidate all or part of their investment
This dictionary contains 6433 terms. |
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