RESIDUARY BENEFICIARY
\ɹɪsˈɪdjuːəɹˌi bˌɛnɪfˈɪʃəɹi], \ɹɪsˈɪdjuːəɹˌi bˌɛnɪfˈɪʃəɹi], \ɹ_ɪ_s_ˈɪ_d_j_uː_ə_ɹ_ˌi b_ˌɛ_n_ɪ_f_ˈɪ_ʃ_ə_ɹ_i]\
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A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.
By Oddity Software
Word of the day
hydromorphic
- [Greek] Structurally adapted to an aquatic environment, as organs of water plants.