Income generated when a person is not active in a business or occupation. Examples of situations where' passive income' is generated include limited partnerships or rental income remaining after allowable deductions. (See limited partnerships).
Barry Goldsmith
| APA | Barry Goldsmith. (2010). passive income. Retrieved October 2, 2026, from http://smartdefine.org/passive_income/definitions/1160246 |
| Chicago | Barry Goldsmith. 2010. "passive income" http://smartdefine.org/passive_income/definitions/1160246 (accessed October 2, 2026). |
| Harvard | Barry Goldsmith 2010, passive income, Smart Define, viewed 2 October, 2026, <http://smartdefine.org/passive_income/definitions/1160246>. |
| MLA | Barry Goldsmith. "passive income" 21 October 2010. Web. 2 October 2026. <http://smartdefine.org/passive_income/definitions/1160246> |