A security representing pooled debt obligations, that passes income from debtors to its shareholders. The most common type is the mortgage-backed certificate.

Use pass-through in a sentence

You need to make sure that you know how the pass-through went and figure out how to use it properly.

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I wanted to pass-through the woods, but they would not let me and they told me to turn around and leave.

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I had a lot more income than I expected on my tax return but then I realized I had to pick up the income from my pass-through entities which had big profits this year.

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certificate for automobile receivables franking credit