Pronunciation: /ˈpæspɔːrtɪŋ/
noun the act of allowing a financial services firm registered in one member state of the European Union to provide services in another member state without having to establish a physical presence in that state
A1 Passporting is the process of using a passport to travel to different countries.
A2 Passporting allows you to easily move between countries without needing a visa each time.
B1 Passporting rights are important for businesses that operate across multiple EU countries.
B2 The financial services industry relies on passporting to access markets in other countries.
C1 The Brexit negotiations included discussions on passporting rights for UK financial firms.
C2 Passporting arrangements between countries can be complex and require careful negotiation.
verb present participle of the verb 'passport', which means to allow a financial services firm to operate in another country without needing to go through additional regulatory processes
A1 I passported through security at the airport.
A2 She passported her way through customs without any issues.
B1 He passported his way into the country with his valid visa.
B2 The traveler passported through multiple countries during his trip.
C1 Passporting through different countries requires careful planning and organization.
C2 The diplomat is well-versed in passporting through various diplomatic channels.
formal The company relies on passporting rights to provide financial services across the EU.
informal If you want to work in Europe, you'll need to understand passporting regulations.
slang I heard they're cracking down on passporting, so be careful when traveling abroad.
figurative In the world of business, having strong passporting abilities can open up new opportunities.
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