residual

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Residual

Residual Value

In accounting, an estimate of the value of an asset at the end of its depreciation. For example, a firm's computer depreciates each year. When it breaks down or becomes obsolete, it has a residual value; it is calculated by the best guess of the net cash inflow when it is sold at the end of its life. It will never be above the blue book value.

In price regulated industries, the residual value may be a negative value because it includes the net cash outflow in removing the asset from where it was used. For example, nuclear energy plants must store the nuclear waste at the end of their useful life. This cost is a contributing factor in the residual value. It is also called the salvage value or scrap value. See also: Absolute Physical Life, Obsolescence.

SAG Fee

A fee paid to an actor or other performer for a rerun of a program in which he/she was part of the cast. An advertiser or a broadcaster may pay the fee, which is set in a union contract. It is also called a residual fee.

residual

see REGRESSION ANALYSIS.

residual

(1) An amount remaining from an investment after payment of all operating expenses, debt service, reserve funds, and income taxes. The residual remains for payment to the investor.

(2) The value of leased personal property at the end of the lease term. Under an operating lease, a lessee may be given the right to purchase the property for the previously agreed upon residual value.Car leases,copier leases,and heavy equipment leases all work on this principle.

References in classic literature ?
DEAR ADMIRAL BARTRAM -- When you open my Will (in which you are named my sole executor), you will find that I have bequeathed the whole residue of my estate -- after payment of one legacy of five thousand pounds -- to yourself.
At length the reflux of the tide, and the springing up of the wind, enabled them to quit their dangerous situation and take shelter in a small bay within Cape Disappointment, where they rode in safety during the residue of a stormy night, and enjoyed a brief interval of refreshing sleep.
When this chaining arrangement was complete, and the party stood as far apart from each other as possible, they formed a circle; and to make all things appear natural, Hop-Frog passed the residue of the chain in two diameters, at right angles, across the circle, after the fashion adopted, at the present day, by those who capture Chimpanzees, or other large apes, in Borneo.
They make one feel to what a degree architecture is a primitive thing, by demonstrating (what is also demonstrated by the cyclopean vestiges, the pyramids of Egypt, the gigantic Hindoo pagodas) that the greatest products of architecture are less the works of individuals than of society; rather the offspring of a nation's effort, than the inspired flash of a man of genius; the deposit left by a whole people; the heaps accumulated by centuries; the residue of successive evaporations of human society,--in a word, species of formations.
The sailors stood listening to the man with the helmet, who made explanations and pointed to the round bullet hole in the floor and the smash in the panel of the passage upon which the still vicious missile had spent the residue of its energy.
There was still a residue of personal property as well as the land, but the whole was left to one person, and that person was-- O possibilities
He says: "While I spend almost all the day abroad amongst others, and the residue at home among mine own, I leave to myself, I mean to my book, no time.
It is extremely improbable that a stream so small as the Sauce then was, should traverse the entire width of the continent; and indeed, if it were the residue of a large river, its waters, as in other ascertained cases, would be saline.
A residue of egoism remains in every affection--even paternal.
I find myself growing faint, so I shall refer you to my will for my disposition of the residue.
The sum he had to give her was so large that he was obliged to ask for time; so large as to be a little fortune to Rebecca, who rapidly calculated that with this sum, and the sale of the residue of Rawdon's effects, and her pension as a widow should he fall, she would now be absolutely independent of the world, and might look her weeds steadily in the face.
Your relations with her are far more than business relations, no doubt; but a residue of business remains in them, and business is business ever.