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 ?
"Tom, Tom, the piper's son, stole a pig and away he ran!
Stole a pig? Where are your licences?" said the policeman.
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. In fact, it was their regular programme, each trip, to paddle out and around the Makambo and make ferocious grimaces up at Kwaque, who grimaced back at them from over the rail.
"As for me I live out of the way here with the pigs, and never go to the town unless when Penelope sends for me on the arrival of some news about Ulysses.
Thus did they converse, and presently the swineherds came up with the pigs, which were then shut up for the night in their styes, and a tremendous squealing they made as they were being driven into them.
And because of this I take it that the wild pigs did not get us, that we never fetched bottom; else I should not be here now, a thousand centuries after, to remember the event.
"What name, long time black fella belong Su'u take 'm heads, kai-kai along long pig?" Ishikola countered.
the roasted flesh of the wild pig the hunter's arrow failed to slay?
The deer and the pig had tramped all day in search of something better than dried bark and withered leaves.
By the time this feat had been accomplished it began to grow dark, and Tip remembered he must milk the cow and feed the pigs. So he picked up his wooden man and carried it back to the house with him.
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.
Sancho got up as well as he could and begged his master to give him his sword, saying he wanted to kill half a dozen of those dirty unmannerly pigs, for he had by this time found out that that was what they were.