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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.
transaction. noun transÂ·acÂ·tion \tran-Ëzak-shÉn, tran(t)-Ësak-\. Tweet. : a business deal: an occurrence in which goods, services, or money are passed from one person, account, etc., to another. : the act or process of doing business with another person, company, etc. : the act or process of transacting business.oun transÂ·acÂ·tion \tran-Ëzak-shÉn, tran(t)-Ësak-\. Tweet. : a business deal: an occurrence in which goods, services, or money are passed from one person, account, etc., to another. : the act or process of doing business with another person, company, etc. : the act or process of transacting business.