conduit

/ˈkɒnd(j)ʊɪt/

IPA: /K AA1 N D UW0 IH0 T/

noun

1
A pipe or channel for conveying water etc.
2
A duct or tube into which electrical cables may be pulled; a type of raceway.
3
A means by which something is transmitted.
4
An investment vehicle that issues short-term commercial paper to finance long-term off-balance sheet bank assets.

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