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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.