devolvement

English

Etymology

From devolve +‎ -ment.

Noun

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.