Conduit - Law Dictionary Search Results
Home Dictionary Name: conduitConduit system
A system of electric traction esp for light railways in which the actuating current passes along a wire or rail laid in an underground conduit from which the current is ldquopicked uprdquo by a plow or other device fixed to the car or electric locomotive Hence Conduit railway...
real estate mortgage investment conduit
real estate mortgage investment conduit : remic ...
real estate mortgage investment conduit (remic)
real estate mortgage investment conduit (remic) a security representing an interest in a trust having multiple classes of securities. The securities of each class entitle investors to cash payments structured differently from the payments on the underlying mortgages. Source: U.S. Department of Housing and Urban Development ...
Conduit
Conduit, means rigid or flexible metallic tubing or mechanically strong and fire resisting non-metallic tubing into which a cable or cables maybe drawn for the purpose of affording it or them mechanical protection. [Indian Electricity Rules, 1956, s. 2 (1) (l)]...
REMIC
REMIC [real estate mortgage investment conduit] : an entity (as a corporation, partnership, or trust) that functions as a vehicle for investment in mortgage obligations and esp. collateralized mortgage obligations and receives favorable tax treatment by restricting its own investment to the maintenance of cash flow and reserves and to investment in properties acquired from foreclosure on the underlying mortgages called also real estate mortgage investment conduit compare pass-through security at security real estate investment trust at trust ...
clogged
obstructed so as to prevent or hinder flow of a fluid of conduits as clogged pipes clogged arteries...
Conduit
A pipe canal channel or passage for conveying water or fluid...
Flume
A stream especially a passage channel or conduit for the water that drives a mill wheel or an artifical channel of water for hydraulic or placer mining also a chute for conveying logs or lumber down a declivity...
ice clogged
having flow restricted by ice of rivers or conduits as ice clogged rivers...
Intake
The place where water air or other substance is taken into a pipe conduit or machine opposed to outlet...
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