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Explanation: Well, I wasn't going to add anything, but given that it has been questioned whether this can be used as a noun, here we go. For a start, the above is given as the translation in Collins and Oxford (referring to the government)
the executive = in USA especially the branch of government led by the President that carries out the laws and decisions of Congress and that administers and manages the affairs of the nation (Longman dic. of Business)
executive = 1. the executive branch of a government 2. the person or person in whom is vested the supreme executive authority of a country or state, especially the US President (also Chief Executive) or the Governor of a State of the US (New Oxford Shorter)
executive n.
1 person or body with managerial or administrative responsibility. 2 branch of a government etc. concerned with executing laws, agreements, etc. adj. concerned with executing laws, agreements, etc., or with other administration or management. [[medieval Latin: related to execute]] (see ref)