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Passive |
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passive 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. PASSIVE, com. law. All the sums of which one is a debtor. It is used in contradistinction to active. (q.v.) By active debts are understood those which may be employed in furnishing assets to a merchant to pay those which he owes, which are called passive debts. |
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AVX Corporation (NYSE:AVX), a leading manufacturer of advanced electronic components, has been named by Avnet, a world leader in electronics distribution, as the Top Passives Supplier for 2005. is a leading provider of semiconductors and passives, electromechanical and connector products, services, and supply chain solutions tailored to serve distinct customer segments with dedicated sales teams. These products are made using TriQuint's proprietary optimized passives process. |
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