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residency (n.)

1570s, "residence;" see resident + abstract noun suffix -cy. Hospital sense is from 1924.

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Definitions of residency from WordNet

residency (n.)
the act of dwelling in a place;
Synonyms: residence / abidance
residency (n.)
the position of physician who is receiving special training in a hospital (usually after completing an internship);
From wordnet.princeton.edu