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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 from the Cambridge Business English Dictionary © Cambridge University Press)
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