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LSDefine

Simple English definitions for legal terms

passive income

Read a random definition: misuse

A quick definition of passive income:

Passive income is money that you earn without having to actively work for it. This can come from things like investments, rental properties, or businesses that you own but don't directly participate in. It's different from earned income, which is money you make from working a job or providing a service. Passive income can be a great way to build wealth and create financial stability.

A more thorough explanation:

Passive income is money earned from a business, rental property, or other income-producing activity that the earner does not directly participate in or have immediate control over. It is different from active income, which is earned from one's own labor or active participation in a trade or business.

Examples of passive income include:

  • Rental income from a property that is managed by a property management company
  • Dividend income from stocks or mutual funds
  • Interest income from savings accounts or bonds
  • Income from a business in which the earner is not actively involved, such as a silent partnership

These examples illustrate how passive income is earned without the earner having to actively work for it. Instead, the income is generated through investments or other income-producing activities that require little to no effort on the earner's part.

passive euthanasia | passive investment income

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globalcitizen
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Anyone read annihilation
NosyBeagle
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yo
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goin on 6 mo no word from notre dame
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AngryMiniCar
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any chance I'll improve RC just by hard drilling with no review? I honestly think I just have a reading problem atp
AngryMiniCar
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Not even that I don't know how to answer questions. I think I'm simply not well read
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@AngryMiniCar: doont worry, 99.9% are uncultured swine
Bettercaulsaul
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endorphins go brrrrr
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take so,e
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bruh
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take some tylenol and black pepper before working out to really get that euphoria
Bettercaulsaul
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I’m going to try that & hit a new PR
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@c0bra1: working on one,should be complete tmrw
NosyBeagle
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coming into to say hi before I torture myself with more assumptions and flaw questions today
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PT151 S3Q17 if you want a killer
NosyBeagle
10:08
I'll get back to you on that if I survive
NosyBeagle
10:50
oh i've already done that one
NosyBeagle
10:50
not bad
NosyBeagle
10:50
still completely washed at this section.
10:54
the newer LR sections are so weird
AngryMiniCar
11:03
Wait how?
11:05
idk they just feel different from the older ones, less formulaic answer choices
11:06
like it makes the right answer obvious sometimes but other times feels completely out of scope
i did hear they changed lr to be harder
AngryMiniCar
11:21
:'( siiiiigghhh
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