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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.
A transaction is any activity in business that involves money. It occurs when something of value is exchanged with something else of value. The act of recording transactions i â¦ s called bookkeeping.