devolvement (English, noun)
expansion: devolvement (countable and uncountable, plural devolvements)
Senses:
glosses: The act or process of devolving.
tags: countable
uncountable
topics: banking
business
glosses: 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.
tags: India
countable
uncountable
Forms:
form: devolvements
tags: plural