Meaning of “residuary legacy” in the English Dictionary

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"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)