I have to admit that I don't recall seeing a lo-cut filter on a mixer actually being being labeled "high pass". Maybe there are some out there, but I don't recall that. I tend to remember them being usually very similar to the typical labeling on my Mackie, which gives the full blown label of "Low cut 75Hz 18dB/Oct." They may not all include the slope figure, but usually it's identified as "Low cut" or 'lo-cut" followed by the pivot frequency, at least as well as my acid flashbacked memory will allow me to remember, anyway.
You're right, though, that if there are ones out there that are actually labeled "high pass", that's not only a pretty meaningless label, but it's technically kind of inaccurate. Then again, they often label the polarity inversion switches as "phase inverters", so such bogus labeling on mixers is not without precedent.
The problem is, to be accurate, a "high-pass" or "low-pass" filter is meant to designate specifically a filter that leaves the frequencies above (or below) the pivot frequency (more or less) alone, but allows you to do any number of things to the rest of the frequencies, usually either in the form of positive or negative shelving or slope cuts. This is why they're called "____-pass", because it's to hard to call a "low pass" filter a "high boost/cut/high shelf/low shelf" filter

. By such a definition, the low cut on a mixer channel, even though it does pass the high frequencies, should not be called a high pass filter, because that designates a different animal altogether.
But even with that out of the way, there's still a problem as I described earlier with referring to "___ passing" as a verb, because it describes nothing about what you're actually doing with the stuff you're not just passing.
G.