Definition from Wiktionary, the free dictionary
conduit (plural conduits)
- 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.
- (finance) An investment vehicle that issues short-term commercial paper to finance long-term off-balance sheet bank assets.
Derived terms 
pipe or channel for conveying water
duct or tube into which electrical cables may be pulled
From Latin conductus.
Verb form