Passive income - Wikipedia, the free encyclopedia
Passive income is a rent received on a regular basis, with little effort required to maintain it. The American Internal Revenue Service categorizes income into three broad types, active (earned) inco...
en.wikipedia.org/wiki/Passive_income
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Residual Income - Definition of Residual Income on Investopedia - The amount of income that an individual has after all personal debts, including the mortgage, have been paid. This calculation is usually made on a ... What Does Residual Income Mean?; The amount of income that an individual has after all personal...
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defines residual income as "a payment (as to an actor or writer) for each rerun after an initial showing (as of a TV show)" ... Actually, residual income is akin to a royalty: "a payment to an author or composer for each copy of a work sold or to an inventor for each item sold under a patent)."
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