residuary

Meanings

• noun

  The property that remains after the satisfaction of all claims and debts.

  - "The residuary estate was distributed among the surviving relatives."
  - "The residuary legatee is entitled to the remainder of an estate after all specific bequests have been made."

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Variants

List of all variants of residuary that leads to same result
residuary

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Etymology

origin and the way in which meanings have changed throughout history.

From Latin 'residuarius' meaning remaining or surviving.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The term 'residuary' is often used in the context of estate planning and inheritance law.

2. The residuary estate is distributed to the residuary legatee, who is typically a relative or friend of the deceased.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. estate: The total property and assets of a deceased person or a trust.

2. bequest: A gift or grant made by will.

3. legatee: A person named in a will to receive property or assets.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

In literature, the term 'residuary' is often used in the context of estate planning and inheritance law.

How to Memorize "residuary"

1. visualize
   

   - Imagine a pile of assets, and visualize the remaining portion as the residuary.

2. associate
   

   - Associate the word 'residuary' with the concept of remaining or surviving.

3. mnemonics
   

   - Create a mnemonic by remembering the phrase 'Remaining assets equal residuary'.

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