pass-through
noun
ukus[CorU]COMMERCE(alsopass-along)
anincreasein thepriceacustomerpaysbecause of anincreasein a company'scosts:
Despite theincreasedpriceofrawmaterials, wewanttoavoidpass-through or werisklosingcustomers.
[C]FINANCE(alsopass-through security)
anarrangementin which afinancialorganizationbuysloansfrom abankandsellsbondsrepresentingtheseloanstoinvestors. Thepaymentson theloansare then used topayinterestto theinvestorsandpayback thebonds:
Atraderof 30-year pass-throughs saidvolumefor thedayat hisfirmwas about $50 million.