FOLIO Ontology

DEPRECATED Passive Income, favoring Unearned Income

IRI:
https://folio.openlegalstandard.org/RDphmWpcqgHRbQbOJeGJinN
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Definition

Passive Income refers to earnings derived from activities in which the individual is not actively involved. This includes income from investments, rental properties, dividends, interest, royalties, and other sources that do not require continuous effort or direct labor to maintain.

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Additional Information

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Identifier

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Deprecated

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Source and Origin

No source or origin information available