Devolvement

In the investment banking sector, particularly in India, devolvement is 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.{sfn|Subramanyam|2008|p=9–4} This is also known as hard underwriting.{sfn|Competiti...
Found on http://en.wikipedia.org/wiki/Devolvement

Devolvement

• (n.) The act or process of devolving;; devolution.
Found on http://thinkexist.com/dictionary/meaning/devolvement/

Devolvement

De·volve'ment noun The act or process of devolving;; devolution.
Found on http://www.encyclo.co.uk/webster/D/54

devolvement

devolvement 1. The delegation of authority; especially, from a central to a regional government. 2. The act or process of devolving (passing responsibilities or rights to another); devolution.
Found on http://www.wordinfo.info/words/index/info/view_unit/1288/4
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