Eligible Passive Company
Eligible Passive Company is a small entity or trust which does not engage in regular and continuous business activity, which leases real or personal property to an Operating Company for use in the Operating Company's business, and which complies with the conditions set forth in 120.111.
13 CFR § 120.10
The following terms have the same meaning wherever they are used in this part. Defined terms are capitalized wherever they appear.