pass-through
1 of 2noun
ˈpas-ˌthrü 
1
: the act, action, or process of offsetting increased costs by raising prices
2
: an opening in a wall between two rooms through which something (such as dishes) may be passed
3
US law : pass-through entity
They structured the business as a pass-through to enjoy more beneficial tax treatment.
pass-through
2 of 2adjective
US law
: relating to or arising from a pass-through entity
pass-through income
Word History
First Known Use
Noun
1952, in the meaning defined at sense 1
Adjective
1972, in the meaning defined above