Invest in a form of conveyance (6)

I believe the answer is:

induct

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'invest' is the definition.
(I know that invest can be written as induct)

'in a form of conveyance' is the wordplay.
'a form of conveyance' becomes 'duct' (I am not sure about this - if you are sure you should give a lot more credence to this answer).
'in'+'duct'='INDUCT'

Can you help me to learn more?

(Other definitions for induct that I've seen before include "Introduce" , "Accept into an exclusive society or group" , "Bring formally into organisation, initiate" , "Bring or lead in as for initiation" , "Formally admit (to a post or organisation)" .)

I've seen this clue in The Globe and Mail.

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