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The conduit will usually pool enough funds from the mortgage-back securities before reissuing the funds to another party. A conduit may be used if a borrower is unable to meet the requirements of the original lender. See also conduit borrower, conduit issuer. The water was leaking, so I figured that there must be some kind of problem with a conduit that was causing the leak.
Chapter 14. Duct and Conduit. Introduction. The general purpose of conduit, or duct, is to provide a clear, protected pathway for a cable, or for smaller conduits, sometimes. called innerducts. Advances in cable technologies, as well as the. expense of repairing sensitive cable materials like fiber optic.