pass-through
C2CEFR level
80/100Rarity: very rare
TechnicalRegister
Law noun
An entity whose income is taxed in the hands of its owners rather than at entity level.
As a pass-through, the partnership itself paid no tax and its profits were taxed on the partners.
Business noun
The degree to which exchange-rate changes are reflected in import and consumer prices.
Weak pass-through meant the currency's slump barely nudged shop prices.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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