Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Residuary
n. Wills & estates. 1. See residuary estate under ESTATE. 2. See residuary legatee under LEGATEE.
residuary
adj. Of, relating to, or constituting a residue; residual < a residuary gift>.
residuary bequest
See BEQUEST.
residuary bequest.
A bequest of the remainder of the testator's estate, after the payment of the debts, legacies, and specific bequests. - Also termed remainder bequest.
residuary clause
Wills & estates. A testamentary clause that disposes of any estate property remaining after the satisfaction of specific bequests and devises.
residuary devise
A devise of the remainder of the testator's real property left after other specific devises are taken.
residuary devisee
See DEVISEE.
residuary estate
The part of a decedent's estate remaining after all debts, expenses, taxes, and specific bequests and devises have been satisfied. - Also termed residual estate; residue; residuary; residuum.
residuary legacy
A legacy of the estate remaining after the satisfaction of all claims and all specific, general, and demonstrative legacies.
residuary legatee
A person designated to receive the residue of a decedent's estate. See residuary estate under ESTATE.