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.

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
Portanto, o objetivo do presente estudo foi comparar a flexibilidade no teste de sentar e alcancar apos os metodos de alongamento ativo estatico, passivo estatico e ativo dinamico com cargas equalizadas.
Desde logo se afere que nao se encontram preenchidas nenhuma das alineas referidas, por estarmos notoriamente perante um ato lesivo de interesses legalmente protegidos de terceiros, maxime os direitos de credito dos adquirentes de papel comercial do BES, e porque o regime de resolucao, presente no RGICSF, nao preve qualquer possibilidade de eficacia retroativa dos atos da autoridade de resolucao, sendo certo, tambem, que qualquer ativo, passivo ou acao judicial que foi criada no Novo Banco, ja apos a resolucao, nao pode ser devolvida ao BES porque nunca esteve na esfera juridica desta entidade.
Para a identificacao e analise destes custos, faz-se necessario o registro dos custos ambientais, que podem refletir um ativo ou passivo ambiental.