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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.
BREAKING DOWN 'Regulated Investment Company-RIC'. The process is designed to avoid double taxation, whereby both the company and individual investors would be taxed.This is called the conduit theory, since the investment company acts as a conduit for all capital gains, dividends and interest to be passed onto shareholders.REAKING DOWN 'Regulated Investment Company-RIC'. The process is designed to avoid double taxation, whereby both the company and individual investors would be taxed.