What is the difference between initial and residual preload

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What is the difference between initial and residual preload? Typically, what percentage of the work we do with a torque wrench ends up as preload in an individual bolt? Is the preload mentioned in question 2 above initial or residual preload? What would be the result if we lubricated the bolts in a given joint for the first time and reduced the friction loss during tightening by 3%?

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