Meaning of passive income | Babel Free

Definitions

An income that is made using little to no effort, such as pension income, rent, or interest, as opposed to normal employment.

countable, uncountable

Equivalents

Examples

“Players win⟳ when they get⟳ out of the rat race⟳ (salaried jobs) by amassing passive income (investments in real estate or the stock⟳ market).”

“Passive income, or profits earned from so-called intangible sources such as interest⟳, is taxed in the U.S. as it is earned.”

“Investing in a fully managed asset will provide⟳ a passive income and will ensure that you are not stuck with finding tenants, repairs and maintenance costs.”

CEFR level