conduit

Vocabulary Word

Definition

In general, a 'conduit' refers to anything that acts as a medium or channel, facilitating the passage or transmission of something from one end to another.

Examples in Different Contexts

In finance, 'conduit' entities facilitate certain transactions. A financial analyst might explain, 'The investment bank used a conduit to issue commercial paper.'

Practice Scenarios

Tech

Scenario:

We need efficient data processing to ensure faster and more effective communication between teams, especially for remote work.

Response:

Could we use an application programming interface (API) as a conduit for that data interchange?

Business

Scenario:

The new digital advertising strategy is proving effective in connecting with our target audience.

Response:

It's promising to see our platform acting as a conduit for businesses targeting online consumers.