reside
/rɪˈzaɪd/·리자이드·verb
to live in a place; to be present in
LatinCEFR B2
Root
re- (back) + Latin 'sedere' (to sit)
Latin residere (sit back, settle) → Old French resider → English reside (15th c.)
In a word
re- (back) + sed (sit) = 'to come back and sit'. The sed family splits by how you sit — re-side (sit back, dwell), pre-side (sit before, chair), sub-side (sit under, settle down), sed-entary (sitting). "Power resides in the people" reads, by root: it keeps sitting there. The ordinary act of sitting carries the abstract idea of dwelling on its back.
Examples
She has resided in Seoul for ten years.
The real power resides in the people.
Many artists reside in this neighborhood.
Related
presidentresidencesubsidesedentarysession