In the paper: "CONSTRUCTING PAIRS OF PANTS" by Ara Basmajian (Source: http://www.acadsci.fi/mathematica/Vol15/vol15pp065-074.pdf), the author defined:
A torsion free Fuchsian group $G$ is said to be a pair of pants if $H^2/G$ is topologically a sphere with 3 holes. The pair of paints is tight if one of the holes is really a puncture (that is, an open neighborhood of it is hyperbolically a punctured disc).
I knew that a pair of pants with geodesic boundary cannot be a quotient space of $H^2$ by some Fuchsian group because their universal cover is a proper subset of $H^2$. So I guess that with the above definition, we can construct the only pair of pants with 3 cusps. If my guess is wrong, could someone please give me some counterexamples of Fuchsian groups so that the quotient space is a pair of pants with geodesic boundary. Thanks in advance!