Definitions for "EXECUTORY CONTRACT"
A contract that has yet to be performed.
A contract not yet fully performed.
a contract in which one of the parties promises to perform some future act, such as pay an amount of money or purchase a piece of land
an agreement to do or not to do a particular thing
an agreement to pay or receive nonfunctional currency in the future for the sale or purchase of goods or services in the ordinary course of the taxpayer's business