Noun. the place, especially the house, in which a person lives or resides; dwelling; home: Their residence is in New York City. The place in which one resides; abode or home 2.1. The official residence of a royal personage or other high dignitary. The official home of a person in a position of power — like a monarch or a president — is also called a residence. RESIDENCE meaning: 1. A palace is a beautiful, large house where someone important, like a king, lives. Have you ever seen Buckingham Palace? The King follows the life of a young Prince Hal, from his days of drinking and gambling to his eventual rise to the throne of the King of England. Learn more about exemptions and deferrals for senior citizens, persons with disabilities, and disabled veterans. Find out how to qualify and apply.