Parole in English per 'The act or process of decompartmentalizing.'
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noun
- The act or process of devolving.
- (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.
- the delegation of authority (especially from a central to a regional government)
noun
- The act or process of devolving.
- (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.
- the delegation of authority (especially from a central to a regional government)
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