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English definition of “residuary legacy”

residuary legacy

noun [C]     LAW, FINANCE
after a person’s death , the money or property that is left after particular property and amounts of money have been given to named people : After the family had received what they had been bequeathed , the residuary legacy amounted to $4 million.
(Definition of residuary legacy noun from the Cambridge Business English Dictionary © Cambridge University Press)
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