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Devolvement

noun

Definitions

Noun
  1. 1
    The act or process of devolving. countable, uncountable
  2. 2
    the delegation of authority (especially from a central to a regional government) wordnet
  3. 3
    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. India, countable, uncountable

Etymology

From devolve + -ment.

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