pas·sive /'pa-siv/ adj: not involving, deriving from, or requiring effort or active participation
imposed 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 activity
passive income
passive 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 adv
pas·sive·ness n

Merriam-Webster’s Dictionary of Law. . 1996.

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. . 2006

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 & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Personal Finance & Retirement → Taxes → Tax Audits
Category: Wills, Trusts & Estates → Living Trusts & Avoiding Probate

Nolo’s Plain-English Law Dictionary. . 2009.

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. . 2000.

   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. . 2013.

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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

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