Words / C / Law

conduit

noun/ˈkɒndjuɪt/

B2CEFR level
45/100Rarity: uncommon
TechnicalRegister

An entity used to channel income through a jurisdiction so as to obtain a tax advantage.

The holding company was a mere conduit interposed to access the treaty benefits.

Topic: Tax law in Legal English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More law words: Tax law