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What does executory mean?

Looking for the meaning or definition of the word executory? Here's what it means.

Adjective
  1. Of or pertaining to administration or execution.
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Examples
The contract is to be performed at a subsequent date, and constitutes an executory contract.
Normal purchases and normal sales are exempt from the application of the standard and are accounted for as executory contracts.
In the US, for example, it is possible for a debtor to reject executory contracts of an insolvent company.
A plan of Favouritism for our executory Government is essentially at variance with the plan of our Legislature.
A declaratory judgment is binding but is distinguished from other judgments or court opinions in that it lacks an executory process.
A contract is an executory contract if its completion depends on the performance of one of the terms of the contract at some time in the future.

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