He wanted to be a simple passive investor, but when the majority owner died and her widower made a mess of it, he had to take over.
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passive investor — USA Defined by the SEC to refer to stockholders beneficially owning more than five percent of the class of subject securities and who can certify that the subject securities were not acquired or held for the purpose of, and do not have the effect … Law dictionary
passive investor — /ˌpæsɪv ɪn vestə/ noun same as sleeping partner … Dictionary of banking and finance
Passive management — (also called passive investing) is a financial strategy in which a fund manager makes as few portfolio decisions as possible, in order to minimize transaction costs, including the incidence of capital gains tax. One popular method is to mimic the … Wikipedia
passive — pas·sive / pa siv/ adj: not involving, deriving from, or requiring effort or active participation imposed a passive duty not to interfere; specif: of, relating to, or being business activity in which the investor does not have immediate control… … Law dictionary
passive — Income or loss from business activities in which a person does not materially participate, such as a limited partnership. Bloomberg Financial Dictionary * * * passive pas‧sive [ˈpæsɪv] adjective [only before a noun] 1. FINANCE passive investment… … Financial and business terms
passive — I. adjective Etymology: Middle English, from Latin passivus, from passus, past participle Date: 14th century 1. a. (1) acted upon by an external agency (2) receptive to outside impressions or influences b. (1) asserting that the grammatical… … New Collegiate Dictionary
Passive Foreign Investment Company - PFIC — A foreign based corporation that has one of the following attributes: 1. At least 75% of the corporation s income is considered passive , which is based on investments rather than standard operating business. 2. At least 50% of the company s… … Investment dictionary
Real estate investor — A real estate investor is someone who actively or passively invests in real estate. An active investor may buy a property, make repairs and/or improvements to the property, and sell it later for a profit. A passive investor might hire a firm to… … Wikipedia
Hands-Off Investor — An investor who accepts a passive management role in a company, even while holding a large portion of the company s stock. Hands off investors usually take a passive position because they are satisfied with the company s current management or… … Investment dictionary
Benjamin Graham — Infobox Person name = Benjamin Graham | imagesize = 75px caption = birth date = birth date|1894|5|8 birth place = death date = death date and age|1976|9|21|1894|5|8 death place = other names = known for = (1934) occupation = Stock investor… … Wikipedia
