conduit
Pronunciation:
/ˈkɒnd(j)ʊɪt//ˈkɑnd(j)ʊɪt/noun
Definitions
A pipe or channel for conveying water etc.
A duct or tube into which electrical cables may be pulled; a type of raceway.
A means by which something is transmitted.
An investment vehicle that issues short-term commercial paper to finance long-term off-balance sheet bank assets.