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 ?
Then he pricked Pigling with the pin that had fastened his pig paper; and when Pigling slapped him he dropped the pin, and tried to take Pigling's pin, and the papers got mixed up.
Tom, Tom, the piper's son, stole a pig and away he ran
To conclude the adventures of Alexander--the policeman sauntered up to the house about tea time, followed by a damp subdued little pig.
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 equipped he went to his rest where the pigs were camping under an overhanging rock that gave them shelter from the North wind.
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.
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.
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.
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.
Let them be, my friend," said Don Quixote; "this insult is the penalty of my sin; and it is the righteous chastisement of heaven that jackals should devour a vanquished knight, and wasps sting him and pigs trample him under foot.
He awoke, roused himself up, shook himself and stretched his lazy limbs, and seeing the havoc the pigs had made with his stores he cursed the drove, and more besides.