Definition, Meaning & Synonyms

residuary

adjective

/rɪˈzɪdʒuːəri/

Definition

relating to what is left after other parts have been taken away, especially in the context of inheritance.

Examples

After settling all debts, the residuary amount was divided among the beneficiaries.
She left a residuary estate to her favorite charity.
The lawyer explained the concept of a residuary clause in the will.

Meaning

The term ‘residuary’ refers to what remains after all other debts and expenses have been paid or settled. In legal terms, it commonly pertains to the remaining assets in a person’s estate that are distributed to beneficiaries after specific bequests have been made.