Passive Income Generator

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Passive Income Generator (PIG)

An investment that favors passive income, such as an income-oriented real estate limited partnership.

Passive Income Generator

Any investment that produces income from a venture in which an individual does not directly participate. The most common types of passive income are rents and income from a limited partnership. Thus, if an investor buys an apartment complex or a piece of an oil and gas limited partnership, this is considered a PIG. Passive income is taxable, but it is often treated differently than active income.

passive income generator (PIG)

The name given to an investment offered to taxpayers who have excess passive activity losses and need some passive activity income to offset the losses. (Be careful of any investment touted as a PIG—if the only reason for an investment is the tax benefits it might produce,then the investment should be made with great caution.)

References in classic literature ?
I said pig,' replied Alice; `and I wish you wouldn't keep appearing and vanishing so suddenly: you make one quite giddy.
Pigling Bland, who was a sedate little pig, looked solemnly at his mother, a tear trickled down his cheek.
The beaten tracks of the deer and the pig, all heading toward the river, had striped that colourless plain with dusty gullies driven through the ten-foot grass, and, early as it was, each long avenue was full of first-comers hastening to the water.
That Fall they paid the first installment of two hundred dollars on their land and Martin persuaded his mother to give and Robinson to take a chattel on their two horses, old Brindle, her calf and the pigs, that other much-needed implements might be bought.
I don't care whose pig it is, but wherever it came from it has been a very good friend to me.
Instantly the pigs were in turmoil, not knowing from whence the danger threatened.
Me catch 'm pig sun he go down," spoke up one whose thin falsetto voice Joan recognized as belonging to Cosse, one of Gogoomy's tribesmen.
But his appearance was no more unusual than the manner of his coming, there to my mother and me as we perched above the angry wild pigs.
Lean from sickness, her skin mangy with the dry scales of the disease called bukua, she was tied hand and foot and, like a pig, slung from a stout pole that rested on the shoulders of the bearers, who intended to dine off of her.
The first he knew, he averred, was the gossip of the village that the pig was dead, and that somebody would have to die for it.
You wallow fairly well," said the Pig, "but, my fine fellow, you have much to learn about rooting.
I repeat, it was in my presence that he said a certain lady, whom none of you knows, was a pig.