| 单词 | pass-through |
| 释义 | pass-through pass-through noun (AmE)
1 (Economics ) [U,C] (AmE also pass-along) the fact that sth such as a tax or a higher or lower price is transferred to customers: There is a low degree of pass-through from exchange rates to import prices. price pass-through to end-users
2 (Finance ) [U,C] (also pass-through security [C]) a type of investment in which investors lend money to home buyers or businesses through a bank or government agency, and the money paid back passes from the bank or agency back to investors: Mortgage-backed certificates are the most common type of pass-through.
PASS verb |
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