Residual
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In general, a residual is a positive or negative numeric difference between two numbers.
- For its use in mathematics, see residual (mathematics).
- For its use in statistics, see Errors and residuals in statistics
- In business, residual payments can refer to an ongoing stream of payments in respect of the completion of past achievements. The entertainment industry use of the word refers to a payment made to the creator of performance art (or the performer in the work) for subsequent showings or screenings
- In the context of insolvent businesses, the residual claimants (shareholders, partners, or sole proprietor) to a bankrupt organization receive any money that is left after all assets are sold and all creditors paid.
- In statistics, residual is the observed value minus the predicted value, see errors and residuals in statistics.
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