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Passive Debts

Defined in 2 dictionaries — Cyclopedic (1922), Ballentine's (1916)

The Cyclopedic Law Dictionary

Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922

In the civil law. AU the sums of which one is a debtor, as distinguished from "active debt," — ^those which are owed to one; the terms being used in the same sense as "bills payable" and "bills receivable." The term "passive debt" is also used to indicate one upon which no interest is payable, as distinguished from "active debt," — one which draws interest,

Ballentine's Law Dictionary

James A. Ballentine · 1916

Debts which one owes.