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Term Definition
Passive Asset
- real or personal property, both tangible or intangible, that increases or decreases in fair market value because of forces like supply and demand, as opposed to active forces, such as performance or conduct.
Application in Divorce
For example, the value of gold bullion increases or decreases passively. The value of a gold mine may increase actively as a result of investment in new plant and equipment.
See
Active Asset
.
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