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

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.

A situation in which there are a number of small scale sellers, while the large sellers are lesser in number.

A finished good that has been created, assembled or borne out of other parts and/ or components.

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

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

An investor in a firm or company who does not take direct part in the management.

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

A kind of trust in which the person who is being trusted need not perform any task, and hence, the trust is regarded as a complete title transfer to the person who

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

A type of management which does not get affected by any changes in the environment. Passive management adheres to a strict agenda.

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.

Any sentence, or quote, etc. which can be remembered easil. It is used on a common basis as a replacement for a password.

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

Named after Blaise Pascal, Pascal is the metric unit used to measure the pressure of anything. It is defined as the newton force per meter (squared).

Any statement which is contradictory within itself, or has absurd assertions. It might be proven correct, but is usually confusing and incorrect.

An intellectual ideology, or view, which is accepted by a group of people, or a certain individual. It acts as a pristine example of how things, models and theories are supposed to

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

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

A principle that states that the costs incurred due to pollution control, prevention and treatment should be paid by the entity which is responsible for causing the pollution in the first place.