pass-along

also pass·a·long (păs'ə-lông', -lŏng')
n.
The policy, practice, or act of paying for an increased cost by raising the price charged to one's customers or clients: "Landlords ... went to court ... to allow a fuel cost pass-along to tenants in rent-controlled apartments" (New York Post). Also called pass-through.

A pool of fixed-income securities backed by a package of assets. A servicing intermediary collects the monthly payments from issuers, and, after deducting a fee, remits or passes them through to the holders of the pass-through security.

Also known as a "pass-through certificate" or "pay-through security."

Investopedia Says:
The most common type of pass-through is a mortgage-backed certificate, where homeowners' payments pass from the original bank through a government agency or investment bank to investors.

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Security, representing pooled debt obligations repackaged as shares, that passes income from debtors through the intermediary to investors. The most common type of pass-through is a Mortgage-Backed Certificate, usually government-guaranteed, where homeowners' principal and interest payments pass from the originating bank or savings and loan through a government agency or investment bank to investors, net of service charges. Pass-throughs representing other types of assets, such as auto loan paper or student loans, are also widely marketed. See also Certificate of Automobile Receivables (CARS); Collateralized Mortgage Obligation Remic.

pass along plate