Passive income definition

Passive income means income acquired other than as a result of the labor, monetary, or in-kind contribution of either spouse.
Passive income means that portion of gross income consisting of:
Passive income means: interest, dividend, income equivalent to interest, rents and royalties, annuities, the excess of gains over losses from the sale or exchange of property, etc.

Examples of Passive income in a sentence

  • Passive income derived from property of any type shall have the same character for purposes of this agreement as the property from which it is derived.

  • Passive income is often described as income from investment activities rather than operating activities.

  • Passive income generally includes dividends, interest, rents, royalties and capital gains.

  • Passive income generally includes, among other things, dividends, interest, rents, royalties, and gains from the disposition of passive assets.

  • Passive income is treated as general category income if it is earned by a qualifying financial services entity.


More Definitions of Passive income

Passive income means the part of gross income that consists of:
Passive income means the portion of gross income that consists of:
Passive income means any income arising other than from a company' s own business activities and includes interest, rents, royalties and dividends;
Passive income. , in relation to a company, means an amount equal to so 15
Passive income means income derived from rent, dividends, interest or such other income as may be prescribed;
Passive income means income derived from rent, dividends, interests and such other income as may be prescribed;
Passive income. , in relation to a company, means an amount equal to so much of the gross income of the company for a year of assessment as is derived from financial instruments. 30