Passive definition

Passive means no employment or involvement in management, operations or policy decisions of the business entity and excludes any service as a director (or equivalent), manager, officer, employee or consultant or as a general partner or managing member (or equivalent) of the business entity

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Passive means there is no required or actual inter- action or feedback between the student and instructor.

Passive order means an order entered into the order book that provided liquidity

Examples of Passive in a sentence

• The Depositary shall not incur any liability for any tax consequences that may be incurred by Holders and Beneficial Owners on account of their ownership of the American Depositary Shares, including without limitation, tax consequences resulting from the Company (or any of its subsidiaries) being treated as a "Passive Foreign Investment Company" (as defined in the U.S. Internal Revenue Code and the regulations issued thereunder) or otherwise.

• With respect to Preexisting Entity Accounts described in paragraph B of this section, only accounts that are held by one or more Entities that are Specified U.S. Persons, or by Passive NFFEs with one or more Controlling Persons who are U.S. citizens or residents, shall be treated as U.S. Reportable Accounts.

• Except as disclosed in the Disclosure Materials, Registration Statement and Prospectus, the Company does not expect that it will be treated as a Passive Foreign Investment Company (“PFIC”) within the meaning of Section 1297 of the United States Internal Revenue Code of 1986, as amended, for its current taxable year.

• Passive market makers must comply with applicable volume and price limitations and must be identified as passive market makers.

• The Company is not a Passive Foreign Investment Company (“PFIC”) within the meaning of Section 1296 of the United States Internal Revenue Code of 1966, and the Company is not likely to become a PFIC.

More Definitions of Passive

Passive means a renewable energy system that relies on heated liquid or air rising

Passive means there is no required or actual interaction or feedback between the student and instructor.

Passive as used here, means that the performance of engineered systems (e.g., the reactor cavity cooling system) are relied upon in the safety analyses, but without requiring any component in those systems to maintain or change state to satisfy the safety functions.

Passive means for heating onboard water is accomplished via plumbing between the engines and the water heater. Whenever the engines are operated, water contained within the water heater will be heated by circulating engine coolant. Refer to your Formula Owner Information Binder for specific instructions and information pertaining to this accessory as described in the manufacturer’s literature.

Passive means the constitutive material of the FP cavity is operated at off-resonance wavelengths

Passive means that company collaborators, directly or indirectly, receive, ask to receive or agree to receive, bribes (for example, from suppliers).

Passive means not electrically powered or electrically controllable or adjustable;