Executory Consideration

Business, Legal & Accounting Glossary

Definition: Executory Consideration

Full Definition of Executory Consideration

Consideration (see: Consideration) in a contract which has not been completed, but which needs to be. For example, if A offers B £10,000 to build A a house, B’s consideration is executory until he has finished the work (see: Executed consideration).

Cite Term

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Page URL
Modern Language Association (MLA):
Executory Consideration. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 18, 2021 https://payrollheaven.com/define/executory-consideration/.
Chicago Manual of Style (CMS):
Executory Consideration. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/executory-consideration/ (accessed: September 18, 2021).
American Psychological Association (APA):
Executory Consideration. PayrollHeaven.com. Retrieved September 18, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/executory-consideration/

Definition Sources

Definitions for Executory Consideration are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 6th April, 2020 | 223 Views.