What does passive income mean?
Definitions for passive income
pas·sive in·come
This dictionary definitions page includes all the possible meanings, example usage and translations of the word passive income.
Wikidata
Passive income
Passive income is an income received on a regular basis, with little effort required to maintain it. The American Internal Revenue Service categorizes income into three broad types, active income, passive income, and portfolio income. It defines passive income as only coming from two sources: rental activity or "trade or business activities in which you do not materially participate." Other financial and government institutions also recognize it as an income obtained as a result of capital growth or in relation to negative gearing. Passive income is usually taxable. Some examples of passive income are: ⁕Earnings from a business that does not require direct involvement from the owner or merchant; ⁕Rent from property; ⁕Royalties from publishing a book or from licensing a patent or other form of intellectual property, such as computer software product; ⁕Earnings from internet advertisements on websites; ⁕Dividend and interest income from owning securities, such as stocks and bonds, is usually referred to as portfolio income, which may or may not be considered a form of passive income. In the United States, portfolio income is considered a different type of income than passive income;
Numerology
Chaldean Numerology
The numerical value of passive income in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of passive income in Pythagorean Numerology is: 6
Translations for passive income
From our Multilingual Translation Dictionary
- செயலற்ற வருமானம்Tamil
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"passive income." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/passive+income>.
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