Passive asset
(5) Passive asset. The term passive asset means an asset that produces passive income, or which is held for the production of passive income, taking into account the rules in paragraphs (c) and (d) of this section. (6) Passive income. The term passive income has the meaning provided in paragraph (c)(1) of this section. (7) Publicly traded foreign corporation. The term publicly traded foreign corporation means a foreign corporation the stock of which is regularly traded on an exchange described in section 1297(e)(3), other than in de minimis quantities, for at least twenty trading days during a taxable year. (8) Related person. For purposes of applying the rules of this section and 1.1297-2 with respect to section 1297(b)(2)(C), the term means a related person within the meaning of section 954(d)(3). (9) Tested foreign corporation. The term tested foreign corporation means a foreign corporation the PFIC status of which is being tested under section 1297(a).