pass-through
noun
ukus [ C or U ] COMMERCE (also pass-along)
an increase in the price a customer pays because of an increase in a company's costs:
Despite the increased price of raw materials, we want to avoid pass-through or we risk losing customers.
[ C ] FINANCE (also pass-through security)
an arrangement in which a financial organization buys loans from a bank and sells bonds representing these loans to investors. The payments on the loans are then used to pay interest to the investors and pay back the bonds:
A trader of 30-year pass-throughs said volume for the day at his firm was about $50 million.