Jan 18 , 2016

Tampa School of Real Estate

Executory Contract

Definition:  A contract in which one or both parties have not yet performed some condition.

Pronunciation: \ig-ˈze-k(y)ə-ˌtȯr-ē\ \ˈkän-ˌtrakt\

Used in a Sentence:   It was considered an executory contract because the buyer had not yet signed it.

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