executory contracts是什么意思?

最近再考澳洲CPA FR的问题有大神可以帮忙解答一下吗 多谢!

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An executory contract is a contract made by two parties in which the terms are set to be fulfilled at a later date. The contract stipulates that both sides still have duties to perform before it becomes fully executed. With an executory contract, the terms are set to be fulfilled at a future date.


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