In plain English
This is the money still left in a ticket after some or all of it has not been used. It applies when that ticket is exchanged for a new one with a lower price, so the unused part keeps a remaining value.
In context
Here, residual value means the amount of money still left from an unused or partly used original ticket after it is exchanged for a cheaper new ticket.
- Situation
- Changing trips, requesting refunds, reading disruption options, and handling travel documents
- What it communicates
- labels remaining ticket value after changing to a cheaper option.
Meaning limits
The term itself only identifies a remaining amount and does not by itself state any rule about its later treatment.
Examples
“When she exchanged a partly used bus ticket for a cheaper ticket, its residual value came to three pounds.”
“The original ticket retained a residual value of three pounds after the lower-priced replacement ticket was issued.”