passporting
USPAS-por-ting/ˈpæspɔɹtɪŋ/UKPAHS-paw-ting/ˈpɑːspɔːtɪŋ/
- 1A company's right to provide its services in other EEA countries without getting separate approval in each one.
Like having one ticket that lets you ride trains in many countries instead of buying a new ticket in each one.
After Brexit, many banks lost passporting and had to open new offices inside the EU.
Passporting let the small insurer sell its policies across Europe without extra paperwork.
Note
Use it in a sentence
Write your own sentence with passporting, and AI will tell you whether it fits and which meaning you used.
Origin
From the word "passport" plus "-ing".