A category of assets that an entity holds and derives passive income (generally, tainted income) therefrom, including deposits with banks and financial institutions, loans, debenture stock, bill of exchange, promissory notes, bonds, futures contracts, forward contracts, swaps, shares in other entities, an interest in a trust/ partnership, life insurance policies, etc. Tainted assets also include assets held solely or principally for the purpose of earning tainted rental income and tainted royalty income.

Passive income derived from tainted assets mainly consists of dividends, interest, rent and royalties.