As a noun, an executive is a person who has a high-level job in a company or organization and makes important decisions. As an adjective, it relates to carrying out plans, laws, or business operations.
It comes from Latin 'executivus', from 'exsequi' meaning 'to carry out, follow through', from 'ex-' (out) and 'sequi' (to follow). The word focused on doing or enforcing decisions, not just making them.
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