Failing to meet the standards of full- time. Usually, this means to work for a fraction of the period of time that was actually allotted. For instance, if the job requirements are

Obligations towards debt, which has been sold as shares. In such an agreement, the principal amount as well as the interest taken from borrowers first goes through the middleman, who deducts his

During a transaction, the passage of risk is a phase in which the risk of damage or loss passes from the seller of the product to the buyer. For different products/ items,

The conveyance, or transfer of any title of any good/ property from the seller to the buyer, usually resulting in the transfer of ownership as well.

Passivation is a process in which any substnace is rendered inert, or inactive through a chemical reaction. No more reactions can take place with a passivated substance.

A regulation set by the IRS which forbits businesses to show losses that were incurred by passive activities on their balance sheets, so as to reduce the amount of taxes that htye

A theory which states that if a larger number of people, or agents are contributing to any result, the major part of the portion, around 80 percent is because of the minority,

i) It is the right held by the court to take a reasonable decision on the part of a person who is unable to make one for himself. Usually, such people suffer

A company foreign to the United States, which makes most of its money through investments. It must pass the Asset Test or the Income Test. Usually, investors follow differing regulations regarding the

When an student gets no response on his learning trend from his instructor, it is known to be passive learning.

Any income that is not earned due to a direct acitivity. For instance, income made through rent, a limited partnership or any other passive source. It does not include earned salary, capital

A contract that becomes enforcable without the signing of any party. For instance, a contract to uphold the copyrights of a book are set in place as soon as the customer buys

In terms of computer security, a passive attack is one in which an attempt is made to access unauthorized information, that is located upon a system, for electronic spying.

Any loss that is incurred due to a passive activity. Examples include loss incurred through rented property, any limited partnership, etc.

A tool which is designed to verify whether the password entered in to a computer is valid or not. It does, however, have integrity flaws, and hence, the passwords can be stolen

Any number of characters, words or alphanumeric data, which can be used as an access key to gain entry in to a computer, any file or program.

A method of selling in which the sellers carry out their operations from the residence of the customers, on a rotational basis. The customer obviously earns a commission for allowing the seller.

Any inn, hotel or lodge whose ownership lies with a government agency. It is commonly converted to a monastery, castle or a palace.

A concentrated volume of any gas, or part of it, or any other substance, compared to a million particles of liquid or air. A fair comparison can be that of 5 liters

A mistake on the part of an interviewer, or the anchor, which occurs when he/ she rates an employ using their past ratings as a base.