Concept in Definition ABC

The term passive can refer to several simultaneous issues according to the context in which it is used.

In general terms and when it refers to an individual, by passive it is called that person who before a certain event or circumstance assumes and adopts a attitude passive, that is, it practically does not assume a leading role, relegating itself to a second action plane more than anything and leaving the responsibility of the final and main decisions to those people who in the development of the event maintained a more active and almost leading presence.

On the other hand, with the term of liability and at the request of the accounting, refers to that set of pending obligations, such as unsatisfied debts. In this sense, we can find three types of liabilities. The payable liability, which are those monetary obligations that the company maintains with third parties, the Bank for example and that can be short or long term. Then, there will be the non-enforceable liability that is the one made up of the

social capital and reserves are passive because they result property of the shareholders but the company is not required to return it. And finally the contingent liability, which will be that arising from past events.

And also, with the word passive, it is usually designated that person who has already entered what is known as stage of old age and that as a consequence of this situation he is already performing as much labor, as socially, a less active role.

Passive Topics