Residue - Encyclopedia

GEOGRAPHICAL NAMES Spanish Simplified Chinese French German Russian Hindi Arabic Portuguese

RESIDUE (through the French, from the Lat. residuum, a remainder, from residere, to remain), in law, that which remains of a testator's estate after all debts and legacies are discharged, and funeral, administration and other expenses paid. The person to whom this residue or surplus is left is termed the residuary legatee; should none be mentioned in the will the residue goes to the next of kin (see Executors And Admini Strators; Legacy; Will).

Encyclopedia Alphabetically

A * B * C * D * E * F * G * H * I * J * K * L * M * N * O * P * Q * R * S * T * U * V * W * X * Y * Z

Advertise Here


- Please bookmark this page (add it to your favorites)
- If you wish to link to this page, you can do so by referring to the URL address below.

This page was last modified 29-SEP-18
Copyright © 2021 ITA all rights reserved.