Definition: A contract that has been performed fully. Pronunciation: \ˈek-si-ˌkyüt-ed\ \ˈkän-ˌtrakt\ Used in a Sentence: Once everyone had signed the document it became an executed contra..
Category : E
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 ..
Definition: Property that has been declared to be excluded from taxation or claim by others. Pronunciation: \ig-ˈzem(p)t\ Used in a Sentence: The church is exempt from having to pay taxes on its..
Definition: An agreement where all terms and conditions have been spelled out and a meeting of the minds is reached in words of agreement and mutual understanding. May be written, oral or a combination of the two. Pronunciation: \ik-ˈspres\ \ˈkän-ˌtrakt\ Used in a Sentence: The primary requirements in an express contract are mutual understanding and ..
Definition: A process by which the record of a criminal conviction is destroyed or sealed after expiration of time. Pronunciation: \ik-ˈspənj-mənt\ Used in a Sentence: The man asked for an expungement of his records based on satisfying the terms of..