Definition of "pass-through" [pass-through]

• An opening between two rooms, especially a shelved space between a kitchen and dining room that is used for passing food. (noun)
• A route through which something is permitted to pass. (noun)
• A security that passes through payments made by debtors, thus providing investors with regular returns. Also called pass-through security. (noun)
• See pass-along. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "The agreements with the European countries will not provide an exemption from Fatca for any jurisdiction, but if a country were to oblige all of its financial institutions to automatically hand over all account data related to Americans, then it could obtain blanket exemption for its banks to transfer funds between themselves without being subject to the so-called pass-through payment withholding requirement for transactions with noncompliant institutions."
• "The Komen group also said it preferred to give grants to groups that perform mammograms themselves, rather than "pass-through" funding."
• ""The charge for natural gas is a pass-through so we do not profit from it," he said."