Dictionary of Business Terms: personal residence
personal residence
the dwelling unit that one claims as one's primary home. This dwelling establishes one's legal residence for voting, tax, and legal purposes.
Dictionary of Real Estate Terms: personal residence
personal residence
the dwelling unit that one claims as one's primary home. This dwelling establishes one's legal residence for voting, tax, and legal purposes.
Example: Mr. Pierce owned houses in several different cities, with the one in San Francisco serving as his personal residence.
