[verb] [I usually + adverb or preposition] [formal] - to live, have your home or stay (in a place)The family resides in southern France.He came back to England from Ghana and has resided here ever since.The jewellery normally resides in the bank.If a power or quality resides in someone or something, they have that power or quality.The power to sack employees resides in the Board of Directors.Nationhood does not reside only in institutions and religion.
RESIDE
Meaning of RESIDE in English
Cambridge English vocab. Кембриджский английский словарь. 2012