{"Term":"Passive non-financial entity (Passive NFE) ","Definition":"\u003cp\u003eA non-financial entity that:\n\u003c/p\u003e\n\u003cul\u003e\n    \u003cli\u003emainly (50% or more) derives passive income or/and has assets that mainly (50% or more) produce (or could produce) passive income (some exclusions apply), or\n    \u003c/li\u003e\n    \u003cli\u003eis a managed investment entity from a jurisdiction that is not a participating jurisdiction.\n    \u003c/li\u003e\n\u003c/ul\u003e","TeReoTerm":"","TeReoDefinition":""}