residuary legacy Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “residuary legacy” in the English Dictionary

"residuary legacy" in Business English

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residuary legacynoun [C]

uk   us   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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