What does residuary mean?

Definitions for residuary
rɪˈzɪdʒ uˌɛr iresid·ua·ry

This dictionary definitions page includes all the possible meanings, example usage and translations of the word residuary.

Princeton's WordNet

  1. residuaryadjective

    entitled to the residue of an estate (after payment of debts and specific gifts)

    "the residuary part of the estate"; "the residuary beneficiary"

  2. residual, residuaryadjective

    relating to or indicating a remainder

    "residual quantity"

Wiktionary

  1. residuaryadjective

    Of or relating to a residue; residual; left over, when the main portion has been removed.

  2. residuaryadjective

    With respect to a will, relating to the portion of an estate which was not disposed of in the will, or for which the directions in the will could not be carried out.

Samuel Johnson's Dictionary

  1. Residual, Residuaryadjective

    Relating to the residue; relating to the part remaining.

    Etymology: from residuum, Lat.

    ’Tis enough to lose the legacy, or the residuary advantage of the estate left him by the deceased. John Ayliffe.

Wikipedia

  1. residuary

    A residuary estate, in the law of wills, is any portion of the testator's estate that is not specifically devised to someone in the will, or any property that is part of such a specific devise that fails. It is also known as a residual estate or simply residue. The will may identify the taker of the residuary estate through a residuary clause or residuary bequest. The person identified in such a clause is called the residuary taker, residuary beneficiary, or residuary legatee. Such a clause may state that, in the event all other heirs predecease the testator, the estate would pass to a charity (that would, presumably, have remained in existence). If no such clause is present, however, the residuary estate will pass to the testator's heirs by intestacy. At common law, if the residuary estate was divided between two or more beneficiaries, and one of those beneficiaries was unable to take, the share that would have gone to that beneficiary would instead pass by intestacy, under the doctrine that there was no residuary of a residuary. The modern rule, however, is that the failure of a residuary gift to one beneficiary causes that beneficiary's share to be divided among the remaining residuary takers.

ChatGPT

  1. residuary

    Residuary refers to anything or anyone which is designated to receive the remainder or residual of something, especially after all claims, debts, and other obligations have been settled. It is commonly used in legal terms referring to the residue, or left-over assets, in a deceased person's estate after all the specified gifts, debts, taxes, and costs have been distributed or settled. A residuary can be a person, organization, or beneficiary in a will who receives this remainder of the estate.

Webster Dictionary

  1. Residuaryadjective

    consisting of residue; as, residuary matter; pertaining to the residue, or part remaining; as, the residuary advantage of an estate

  2. Etymology: [See Residue.]

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Numerology

  1. Chaldean Numerology

    The numerical value of residuary in Chaldean Numerology is: 7

  2. Pythagorean Numerology

    The numerical value of residuary in Pythagorean Numerology is: 3

Popularity rank by frequency of use

residuary#100000#135039#333333

Translations for residuary

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"residuary." Definitions.net. STANDS4 LLC, 2024. Web. 25 Dec. 2024. <https://www.definitions.net/definition/residuary>.

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