the pre-agreed estimated value at the end of a leasing period of an item subject to a leasing agreement. Glossary of Business Terms
(1) For sequential-pay CMO structures, a residual tranche is the CMO tranche that receives the excess cash flow that remains after all of the payments due to the holders of other tranches and all of the administrative expenses have been met. When the residual is an accrual bond, it is often called a Z tranche or a Z bond.
(2) In REMIC CMO structures, one class of each issue must be designated as the residual for tax purposes. Some REMIC residuals do not meet the traditional definition of a residual as the last tranche to be retired. American Banker Glossary

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residual re‧sid‧u‧al [rɪˈzɪdʒuəl] adjective ACCOUNTING
1. residual income/​revenue/​assets etc the amount of money or assets left after all taxes or other necessary payments have been made:

• the right to any residual assets on the liquidation of the company

— residual noun [countable] :

• the value of the residual after all fixed claims have been met

2. residual income/​payments money that someone gets because work that they did previously continues to produce income, for example money that a writer or actor gets when their work is broadcast again
— residuals noun [plural] :

• The industry is proposing cuts in residuals for certain television reruns.

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residual UK US /rɪˈzɪdjuəl/ adjective [before noun]
remaining after most of something has gone: »

It's a great project to work on, and will have residual benefits for years to come.

ACCOUNTING used to describe an amount of money that is left after some other payments have been made: »

The $60,000 to complete the project is to come from residual funds.

Financial and business terms. 2012.

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Look at other dictionaries:

  • Residual — Re*sid u*al (r? z?d ? al), a. [See {Residue}.] Pertaining to a residue; remaining after a part is taken. [1913 Webster] {Residual air} (Physiol.), that portion of air contained in the lungs which can not be expelled even by the most violent… …   The Collaborative International Dictionary of English

  • residual — re·sid·u·al /ri zi jə wəl/ adj: of, relating to, or constituting a residue: residuary Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. residual …   Law dictionary

  • residual — adjetivo 1. De los residuos: planta de reciclaje residual. 2. Que queda como residuo: Quedan por escrutar algunos votos, pero son votos residuales que no van a alterar los resultados. aguas* residuales / negras …   Diccionario Salamanca de la Lengua Española

  • residual — adj. Perteneciente o relativo al residuo. ☛ V. agua residual …   Diccionario de la lengua española

  • residual — ► ADJECTIVE ▪ remaining after the greater part or quantity has gone or been subtracted. ► NOUN 1) a residual quantity. 2) a royalty paid to a performer or writer for a repeat of a play, television show, or advertisement. 3) the resale value of a… …   English terms dictionary

  • Residual — Re*sid u*al, n. (Math.) (a) The difference of the results obtained by observation, and by computation from a formula. (b) The difference between the mean of several observations and any one of them. [1913 Webster] …   The Collaborative International Dictionary of English

  • residual — Relativo a la parte de algo que permanece después de una actividad que elimina la mayor parte de la sustancia. Diccionario Mosby Medicina, Enfermería y Ciencias de la Salud, Ediciones Hancourt, S.A. 1999 …   Diccionario médico

  • residual — adj. 2 g. Referente a resíduo …   Dicionário da Língua Portuguesa

  • residual — [adj] leftover balance, continuing, enduring, extra, lingering, net, remaining, surplus, unconsumed, unused, vestigal; concepts 560,771 Ant. base, core …   New thesaurus

  • residual — [ri zij′o͞o əl] adj. [see RESIDUE & AL] of, or having the nature of, a residue or residuum; left over after part or most is taken away; remaining n. 1. what is left at the end of a process; something remaining ☆ 2. the fee paid to a performer for …   English World dictionary

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