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pas·sive /'pa-siv/ adj: not involving, deriving from, or requiring effort or active participationimposed a passive duty not to interfere; specif: of, relating to, or being business activity in which the investor does not have immediate control over the income-producing activitypassive incomepassive losses◇ Any rental activity is designated a passive activity under the Internal Revenue Code. Investment income is not considered income from a passive activity.pas·sive·ly advpas·sive·ness n
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
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I
adjective
acquiescent, amenable, apathetic, calm, compilable, compliant, complying, concessive, conformable, docile, dormant, duteous, dutiful, enduring, feeble, flexible, forbearant, heedless, indifferent, indolent, influenced, irresolute, lamblike, languorous, malleable, nonresistant, nonresisting, obedient, obeisant, obsequious, otiose, phlegmatic, pliable, pliant, quiescent, receptive, recumbent, resigned, resistless, restrained, sequacious, servile, subdued, subject, submissive, subordinate, subservient, supine, supple, tame, tractable, unassertive, undemonstrative, unopposing, unresistant, unresisting, yielding
associated concepts: passive negligence, passive tortfeasor
II
index
dormant, indolent, insensible, languid, lifeless (dull), obedient, otiose, patient, phlegmatic, pliant, resigned, sequacious, servile, stagnant, static, stoical, torpid, unobtrusive, yielding
Burton's Legal Thesaurus. William C. Burton. 2006
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Being inactive. For tax purposes, "passive income" includes income produced without active effort or management, such as bank interest, stock dividends, trust profits, and rent (when there is no management involvement). In estate planning, a "passive trustee" is one who has no responsibilities other than to hold title or wait for an event that would activate the trust.Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & FinancesCategory: Business Cash Flow Problems & BankruptcyCategory: Business, LLCs & Corporations → Business Tax & DeductionsCategory: Personal Finance & Retirement → Taxes → Tax AuditsCategory: Wills, Trusts & Estates → Living Trusts & Avoiding Probate
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
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n. Not involving active participation, especially an enterprise in which an investor has no control whatsoever in its income-producing activity.
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.
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adj.referring to being inactive. A "passive trustee" is one who has no responsibilities other than to hold title or wait for an event which would activate the trust. "Passive income" for tax purposes includes any income in which there is no effort or active management, and is treated differently for some purposes, such as Social Security income limitations. It may include stock dividends, trust profits, rents with no management involvement and interest on bank accounts.
Law dictionary. EdwART. 2013.
Look at other dictionaries:
Passive — Pas sive, a. [L. passivus: cf. F. passif. See {Passion}.] 1. Not active, but acted upon; suffering or receiving impressions or influences; as, they were passive spectators, not actors in the scene. [1913 Webster] The passive air Upbore their… … The Collaborative International Dictionary of English
passive — 1. The passive voice is illustrated by the sentence Brazil were beaten by France in the final, in which the object of the active verb becomes the subject of the passive verb and the subject is expressed as an agent introduced by the preposition… … Modern English usage
Passive — is the opposite of active. It has several specific meanings:* Passive voice of a verb * Passivation is the formation of a non reactive surface film that inhibits further corrosion of a metal * Passive components in electronics * Passive mode in… … Wikipedia
passive — [pas′iv] adj. [ME passif < L passivus < passus: see PASSION] 1. influenced or acted upon without exerting influence or acting in return; inactive, but acted upon 2. offering no opposition or resistance; submissive; yielding; patient 3.… … English World dictionary
passive — (adj.) late 14c., in grammatical sense (opposed to active), from L. passivus capable of feeling or suffering, from pass , pp. stem of pati to suffer (see PASSION (Cf. passion)). Meaning not active is first recorded late 15c. Passive resistance… … Etymology dictionary
passive — ► ADJECTIVE 1) accepting or allowing what happens or what others do, without active response or resistance. 2) Grammar (of verbs) in which the subject undergoes the action of the verb (e.g. they were killed as opposed to the active form he killed … English terms dictionary
passive — inactive, inert, idle, supine Analogous words: impassive, phlegmatic, stolid, apathetic Antonyms: active Contrasted words: live, operative, dynamic (see ACTIVE) … New Dictionary of Synonyms
passive — [adj] lifeless, inactive acquiescent, apathetic, asleep, bearing, compliant, cool, docile, enduring, flat, forbearing, going through motions*, hands off*, idle, indifferent, inert, laid back*, latent, long suffering, moony, motionless,… … New thesaurus
passive — As used in law, this term means inactive; permissive; consisting in endurance or submission, rather than action; and in some connections it carries the implication of being subjected to a burden or charge. As to passive debt passive negligence… … Black's law dictionary
passive — [[t]pæ̱sɪv[/t]] 1) ADJ GRADED (disapproval) If you describe someone as passive, you mean that they do not take action but instead let things happen to them. His passive attitude made things easier for me... Even passive acceptance of the regime… … English dictionary
