devolvement

Meanings

Plural: devolvements

Noun

• the delegation of authority (especially from a central to a regional government)
• The act or process of devolving.
• The act or process of devolving.
• A process whereby if an investment issue is undersubscribed, an underwriter is required to subscribe to the remaining shares; the outstanding unsubscribed amount devolves onto the underwriter.

Synonyms

devolution