re·side 
(r
ĭ-z
īd
)
intr.v. re·sid·ed,
re·sid·ing,
re·sides 1. To live in a place permanently or for an extended period.
2. To be inherently present; exist: the potential energy that resides in flowing water.
3. To be vested, as a power or right: the authority that resides in the Supreme Court.
4. Computers To be located or stored: a file that resides on a shared drive.
[Middle English residen, from Old French resider, from Latin residēre, to remain behind, reside : re-, re- + sedēre, to sit; see sed- in the Appendix of Indo-European roots.]
re·sider n.