Passive Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Passive, written in plain English, along with examples of how it is used.
What is Passive?
It is a state where one is not actively involved or is dormant. It may termed as in passive trustee who is not invoved in day to day activities, passive partner or dormant partner in a partnership firm who has liability to the extent of his investments only and has no say in management. It can be further said to be a state where one does not respond or object anything related to them.