executory


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Related to executory: Executory interest

ex·ec·u·to·ry

 (ĭg-zĕk′yə-tôr′ē)
adj.
1. Of or relating to execution or administration; executive.
2. In effect; operative.
3. Law Requiring something to be done or to happen before being fulfilled, as a contract.

executory

(ɪɡˈzɛkjʊtərɪ; -trɪ)
adj
1. (Law) (of a law, agreement, etc) coming into operation at a future date; not yet effective: an executory contract.
2. executive; administrative

ex•ec•u•to•ry

(ɪgˈzɛk yəˌtɔr i, -ˌtoʊr i)

adj.
1. executive.
2. ordered to be executed or carried out.
[1400–50; late Middle English < Late Latin]
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References in periodicals archive ?
The tax assessment has become final and executory because the taxpayer's appeal to the CTA is premature.
The Supreme Court agreed, saying that due to Ong's failure to do so within 10 days, or until July 6, 2015, the Dole-NCR decision had already become final and executory.
The Bureau of Internal Revenue (BIR) said Thursday that tax liabilities which have become final and executory before April 24, 2019, are covered by tax amnesty on delinquencies (TAD).
Brillantes pointed out that Manzano is not yet out of the congressional race since the Comelec's decision is not final and executory.
'The dismissal, it appears, has become final and executory,' he said Monday in his 33-page decision, adding that such a judgment cannot be reversed under current legal doctrines.
Under this, taxpayers can avail of 40% of the basic tax for delinquencies and assessments which have become final and executory, 50% for those subject of pending criminal cases, and 60% for cases subject of final and executory judgment by the courts.
Summary: Lease agreements are now executory instruments, enabling landlords to approach the Enforcement Department directly to claim arrears
It held that the court of first instance had correctly decided that the decision of the Council of Ministers constituted management of property belonging to the state and it was not an executory act within the ambit of the public law, but of the private law.
While giving his input on the issue of 'Provincial Inability to Confront Federal Authority over the CPEC in the Court System', Prof Sikandar Ahmed Shah (LUMS) said the Supreme Court of Pakistan enjoys no executory authority in disputes between the provinces, or between the provinces and the federal government.
US-based iron ore concentrate and pellet producer Magnetation LLC has filed a motion with the US Bankruptcy Court seeking authority to enter into an asset purchase agreement that provides for the sale and transfer of substantially all of its remaining assets and certain liabilities along with the assumption and assignment of certain executory contracts and leases in connection with a sale to ERP Iron Ore, LLC through a credit bid by the company's post-petition lenders.
The authors cover business entities and business debt, filing for bankruptcy, the bankruptcy estate, the automatic stay, creditors and claims, avoiding prepetition transfers, executory contracts and unexpired leases, and many other related subjects over the course of the bookAEs fifteen chapters and four appendices.
Generally, license agreements are “executory contracts.” A contract is executory if performance remains outstanding on ...