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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.
An electrical conduit is a tube used to protect and route electrical wiring in a building or nonbuilding structure.Electrical conduit may be made of metal, plastic, fiber, or fired clay. Most conduit is rigid, but flexible conduit is used for some purposes.lectrical conduit and bus duct in a building at Texaco Nanticoke refinery in Nanticoke, Ontario, 1980s. An electrical conduit is a tube used to protect and route electrical wiring in a building or nonbuilding structure. Electrical conduit may be made of metal, plastic, fiber, or fired clay.