What does conduit mean in business?
Conduit Company is a company which is set up in connection with a tax avoidance scheme. Whereby income is paid by a company to the conduit and then redistributed by that company to its shareholders as dividends, interest, royalties, etc.
What does conduit mean in banking?
An asset-backed commercial paper program (ABCP program, ABCP Conduit or Conduit) is a non-bank financial institution that issues short-term liabilities, commercial paper called asset-backed commercial paper (ABCPs), to finance medium- to long-term assets.
What is a conduit fund?
Conduit funding or conduit financing is a term used to describe ways money can be obtained to pay for a project or buy commercial real estate. There are several types of conduit funding, depending on the money source and for what purpose the funds will be used.
What does conduit borrower mean?
A conduit issuer is an organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects where the funds generated are used by a third party (known as the “conduit borrower”) to invest in some project or activity that has a public benefit.
What is a conduit in law?
something which leads something else along. In the law of European E-COMMERCE, a person who is given special immunity, sometimes expressed as a ‘mere’ conduit importing a lack of involvement in the carrying.
What are conduit debt obligations?
The term conduit debt obligations refers to certain limited-obligation revenue bonds, certificates of participation, or similar debt instruments issued by a state or local governmental entity for the express purpose of providing capital financing for a specific third party that is not a part of the issuer’s financial …
What is a conduit arrangement?
A conduit entity is one whose participation in the financing arrangement is designed to minimize its US withholding tax liability and is part of a tax avoidance plan, and one that is either related to the financing/financed entity or entered into the transaction only because of the financing entity.
How does conduit debt work?
Conduit debt obligations are debt instruments issued by a state or local government to provide funding for a specific third party that is primarily liable for repaying the debt instrument. Not-for-profit hospitals and universities are examples of third parties that sometimes seek this kind of financing for projects.
How do conduits get their powers?
Conduits can develop their powers by absorbing their elements or energy relating to their elements. The amount needed can vary, as Cole MacGrath originally developed his powers by passing electricity enough to power up to half a district of a city, while Delsin Rowe developed Neon by absorbing a much smaller amount.
What is conduit in biology?
Literal meaning is a passage or channel to pass away fluids.