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

adjective

Definition of pass-through (Entry 2 of 2)

US law
: relating to or arising from a pass-through entity pass-through income

First Known Use of pass-through

Noun

1952, in the meaning defined at sense 1

Adjective

1972, in the meaning defined above

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The first known use of pass-through was in 1952

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