The word "residuary" is spelled re-zid-yoo-er-ee. It is derived from the Latin word "residuus" meaning remaining or leftover. In English, it is typically used to refer to the remaining assets or funds after all debts and prior claims have been settled. The pronunciation is important to ensure clear communication and understanding of the meaning of the word.
Residuary is an adjective that refers to something that remains or is left over after the distribution, division, or allocation of other parts or elements. It is often used to describe the remaining portion of an estate or property that has not been specifically bequeathed to someone in a will or testament. In the context of law and estate planning, the residuary estate includes all assets, possessions, and investments that were not explicitly designated to specific beneficiaries or organizations.
The term "residuary" can be applied to various situations involving the leftover or undesignated portion of something. For example, in finance or accounting, it can describe the remaining funds or balance after deducting all expenses, liabilities, or specific allocations from a given account or budget.
Additionally, "residuary" can also be used in a figurative sense to refer to something that remains after all essential or significant components have been accounted for. This could be seen in discussions about residual effects, consequences, or traits that persist despite changes or interventions. In this context, "residuary" implies the enduring or persisting nature of certain elements, characteristics, or impacts.
Overall, the term "residuary" denotes the remaining part, portion, or aspect of something after other parts have been allocated or accounted for. Its usage is commonly found in legal, financial, and figurative contexts.
That takes the residue or remainder of an estate after paying debts and legacies; entitled to the residue, as a residuary legatee.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
The word "residuary" originated from the Latin term "residuarius", which stems from "residuum". "Residuum" refers to something that remains after a process or action, specifically the leftover or remaining part. This term eventually evolved into the Middle English term "residuari", which then became "residuary" in Modern English. The word is primarily used as an adjective to describe something that pertains to the residue or remainder of a person's estate after debts, legacies, or other disbursements are paid.