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Commonly used terms in the Electrical industry.
residual magnetism
a form of permanent magnetism, referring to the flux remaining in a ferromagnetic material after the MMF that created the flux is removed. For example, if a bar of steel is surrounded by a coil and current is applied to the coil, the steel bar will create a magnetic field due to the rotation of the domains in the steel. After the current is removed, some of the domains will remain aligned, causing magnetic flux.