SINCE 1828
pass-through
noun
\ ˈpas-ˌthrü
\
\
Definition of pass-through
(Entry 1 of 2)
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
adjectiveDefinition of pass-through (Entry 2 of 2)
US law
: relating to or arising from a pass-through entity
pass-through income
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