Simple English definitions for legal terms
Read a random definition: liquidation value
Executed: This word has a few different meanings. It can mean that something has been completed or finished, like a contract or promise. It can also mean that someone has signed an important document, like a deed or lease. Finally, it can mean that someone has been put to death for a crime they committed and were sentenced to death for.
Executed can mean:
Example 1: "The deed to the house was executed by the seller and buyer."
Explanation: This means that the seller and buyer have both signed the deed, making it a legally binding document.
Example 2: "The artist executed a beautiful painting."
Explanation: This means that the artist completed the painting and it is now finished.
Example 3: "The prisoner was executed for his crimes."
Explanation: This means that the prisoner was put to death as punishment for the crimes he committed.