Residual

In general, a residual is a positive or negative numeric difference between two numbers.

• For its use in mathematics, see residual (mathematics).
• In statistics, residual is the observed value minus the predicted value; see errors and residuals in statistics.
• In business, a residual payment is one of an ongoing stream of payments for 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. This type of payment can also be called residual income.
• 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 video compression see Residual frame.
• In finance, a residual (or balloon) can refer to a lump sum owed to the financier at the end of a loan's term, expressed either as a dollar value or a percentage of the amount borrowed.
• In Affiliate Marketing, residual income affiliate programs pay ongoing commissions to affiliates for effort done once in the past.

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This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Residual".