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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.
Conduit is used to protect and support electrical wires. Both rigid conduit and intermediate metallic conduit are threaded and accept couplings, nuts, and bushings et cetera directly. ALL SIZES ARE INCHES.