Let me get a little more basic. Typically when you read about a "crossover point" in a speaker, you are actually talking about 2 filters:
A low pass
A high pass
So a 2-way speaker has a crossover point of 3 kHz. That means there’s a high pass filter that goes to the tweeter tuned to 3 kHz, and a low pass filter that goes to the mid-woofer that is also tuned to 3 kHz. I should point out that reality is even messier than this, but let's stay away from that.
A 3-way speaker has 2 crossover points (say 300 Hz and 3kHz) and 4 filter sections.
1 - HP to the tweeter
2 - HP and LP to the midrange
1 - LP to the woofer.
This adds up to 4 sections.
A 2.5 way also has 2 crossover points, but is missing 1 filter section:
1 - HP to the tweeter
1 - LP to the upper woofer
1 - LP to the lower woofer
That missing HP filter allows the upper woofer to play all the bass.
A low pass
A high pass
So a 2-way speaker has a crossover point of 3 kHz. That means there’s a high pass filter that goes to the tweeter tuned to 3 kHz, and a low pass filter that goes to the mid-woofer that is also tuned to 3 kHz. I should point out that reality is even messier than this, but let's stay away from that.
A 3-way speaker has 2 crossover points (say 300 Hz and 3kHz) and 4 filter sections.
1 - HP to the tweeter
2 - HP and LP to the midrange
1 - LP to the woofer.
This adds up to 4 sections.
A 2.5 way also has 2 crossover points, but is missing 1 filter section:
1 - HP to the tweeter
1 - LP to the upper woofer
1 - LP to the lower woofer
That missing HP filter allows the upper woofer to play all the bass.