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What does residual mean?

Looking for the meaning or definition of the word residual? Here's what it means.

Adjective
  1. Of, relating to, or remaining as a residue; left over.
Noun
  1. A remainder left over at the end of some process.
  2. (plural) Payments made to performers, writers and directors when a recorded broadcast is repeated.
  3. (statistics) the difference between the observed value and the estimated value of the quantity of interest
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