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

adjective acquiescent, amenable, apathetic, calm, compliable, compliant, complying, concessive, docile, dormant, duteous, dutiful, enduring, feeble, flexible, forbearant, heedless, indifferent, indolent, irresolute, lamblike, languorous, malleable, nonresisting, obedient, obeisant, obsequious, otiose, phlegmatic, pliable, pliant, quiescent, receptive, recumbent, resigned, resistless, restrained, sequacious, servile, subject, submissive, subordinate, subservient, supine, supple, tame, tractable, unassertive, undemonstrative, unopposing, unresistant, unresisting, yielding
Associated concepts: passive negligence, passive tortfeasor
See also: dormant, indolent, insensible, languid, lifeless, obedient, otiose, patient, phlegmatic, pliant, resigned, sequacious, servile, stagnant, static, stoical, torpid, unobtrusive, yielding

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.

References in periodicals archive ?
There is no statutory or regulatory mandate that employer fiduciaries offer only passively managed funds.
Thus, if plan fiduciaries study the facts and circumstances-by employing a prudent decisionmaking process-and conclude that an actively managed fund, despite being more expensive, is likely to achieve greater returns or prone to be less risky than a lower-cost, passively managed fund, they should feel comfortable offering the investment.
The investment categories for passively managed portfolios are the usual suspects.
The grouping variable for DFA was online sports betting policy (actively allow, passively allow, actively prohibit, passively prohibit), and the four classification variables were PDI, IDV, MAS, and UAI.
Furthermore, it can be expected that particularly the passively involved, or their representatives, take the first step in starting a dialogue with the organization.
In the pooled data, the median HPRT mutation frequencies for actively and passively smoking morns was identical at 0.
During the winter when available sunlight is limited, the refrigerator is passively cooled and requires no-energy to run.
There are two broad ways a portfolio can be invested--actively or passively.
IT'S THAT TIME of year again--when chief executives have to sit back and passively await the tireless barrage of headlines proclaiming that you get paid too much.
Recent tests show new passively safe posts are a safer signpost that causes less damage to vehicles and their passengers on impact.
Ever since the rise of so-called "reality" television shows--particularly those that specialize in the shocking and the bizarre--millions of viewers around the world have been able to sit before their televisions each night for the vicarious thrills provided by daring or disturbing stunts performed by the contestants, while passively wondering to themselves: "who in their right mind would do such a thing?
A report issued in late July by Human Rights Watch accused UN and NATO peacekeepers, stationed in Kosovo for the supposed purpose of maintaining order, of passively abetting the murderous rampage.