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 ?
He knew that pigs are slippery; but surely, such a VERY lame pig could never run!
The grocer did so; he saw the two pigs stock-still in the middle of the road.
Thus equipped he went to his rest where the pigs were camping under an overhanging rock that gave them shelter from the North wind.
Then he clubbed the pig with a billet of oak which he had kept back when he was chopping the firewood, and stunned it, while the others slaughtered and singed it.
Below him a little were the vanguard of the deer; below these, again, the pig and the wild buffalo; and on the opposite bank, where the tall trees came down to the water's edge, was the place set apart for the Eaters of Flesh--the tiger, the wolves, the panther, the bear, and the others.
We are under one Law, indeed," said Bagheera, wading into the water and looking across at the lines of clicking horns and starting eyes where the deer and the pig pushed each other to and fro.
As for King William Island, the Makambo, on the former run of the Cockspur, stopped there every ten weeks; but the direst threat Daughtry ever held over him was the putting ashore of him at the place where the two active young men still mourned their pig.
But their wild exultation was suddenly checked When the jailer informed them, with tears, Such a sentence would have not the slightest effect, As the pig had been dead for some years.
the roasted flesh of the wild pig the hunter's arrow failed to slay?
If he slap you, we ain't got no pig for pay the fine,' she said insinuatingly.
she said, because to call a native a pig is the worst insult of all.
Treloar, who happened to be sitting next to him, was startled by the abruptness of the attack, and wondered what grounds he had ever given the little man to believe that he could call a woman a pig.