IPA: /ˌɛksɪˈkjʊtəri/
KK: /ɪkˈsɛkjʊtəri/
Relating to something that is intended to take effect in the future or is currently in effect; often used in legal contexts.
The executory contract will become binding once all parties fulfill their obligations.
**Executory** → It is formed from "ex-" (meaning out of or from) and "sequi" (meaning to follow). The term refers to something that is to be carried out or followed through, particularly in the context of legal obligations or contracts that are to be executed in the future.
Think of 'following through' on something that is 'to be done' ('ex-' means out of or from, and 'sequi' means to follow'). This helps you remember that executory refers to actions that are to be carried out.