Meaning of “residual value” in the English Dictionary

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"residual value" in Business English

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residual valuenoun [ C or U ]

uk us

also residuals [ plural ] FINANCE, ACCOUNTING the amount that something is worth after it has been used for a particular period and how much it could be sold for:

Customers are pleased to use a product that has this kind of residual value.

(Definition of “residual value” from the Cambridge Business English Dictionary © Cambridge University Press)