An item is conjured when it is created by an ability, power or spell. Conjured items function like normal items during play, but they disappear when the character logs out (or gets disconnected) for 15 minutes or more. Conjured items cannot be sold on the auction house nor to a vendor, although some can be traded to another character, and you could charge money for the conjured item in the trade. Notable conjured items:
Conjured Water (by a Mage, can share)
Conjured Food (by a Mage, can share)
Healthstones (by a Warlock, can share, Unique)
Soulstones (by a Warlock, Bind on Pickup and Unique, but can be used on others by the warlock.)
Cauldron items, created by alchemy, create conjured potions of protection corresponding to the type of cauldron. The potions bind on pickup and are unique. The cauldron, once used, lasts 5 minutes or until 25 potions are distributed.