Residue

Business, Legal & Accounting Glossary

Definition: Residue


Residue


What is the dictionary definition of Residue?

Dictionary Definition


n. in a will, the assets of the estate of a person who has died with a will (died testate) which are left after all specific gifts have been made. Typical language: “I leave the rest, residue and remainder [or just residue] of my estate to my grandchildren.” If the residue is not given to any beneficiary it will be distributed pursuant to the laws of descent and distribution.


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https://payrollheaven.com/define/residue/
Modern Language Association (MLA):
Residue. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 29, 2024 https://payrollheaven.com/define/residue/.
Chicago Manual of Style (CMS):
Residue. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/residue/ (accessed: March 29, 2024).
American Psychological Association (APA):
Residue. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/residue/

Definition Sources


Definitions for Residue are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 30th April, 2020 | 0 Views.