The Law Dictionary

EXECUTORY CONTRACT

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A contract that requires something occur in the future in order for it to be completed. … [Read more...]

EXECUTORY DEVISE

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

estates. An executory devise is a limitation by will of a future contingent interest in lands, contrary to the rules of limitation of contingent estate is in conveyances at law. When the limitation by will does not depart from those rules prescribed for the government of contingent remainders, it is, in that case, a contingent remainder, and not an executory devise. 2. An … [Read more...]

EXEMPT PROPERTY

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Bankruptcy Under Chapter 7 bankruptcy, there are certain items you may keep which a creditor may not pursue. For example, most states will allow a person who succeeds in their bankruptcy filing to keep their clothing, social security payments that have been saved, household items, a cheap inexpensive car, house (in some states), pets, basic household appliances, some … [Read more...]

EXECUTORY INTEREST

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

An ownership interest in real property that will pass to another person or party only if certain events occur or specific conditions are met. … [Read more...]

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