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devolvement

From Wiktionary, the free dictionary

English

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Etymology

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    From devolve + -ment.

    Noun

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    devolvement (countable and uncountable, plural devolvements)

    1. The act or process of devolving.
      Synonym: devolution
      1. (banking, India) 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.