👉 In finance, a "devolvement" is a financial transaction that involves the exchange of one asset for another. This can be in the form of an asset's purchase or sale, such as a stock purchase or a bond issuance. For example, let's say you have two assets: a share of a popular technology company and a mortgage on your home. If you sell the share for $100 per share and then buy back the same amount at a discount price of $50
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What is the definition of Devolvement? 🙋
👉 "Devolution" is a political concept that refers to the transfer of power from one government entity or body to another. In many countries, this process involves the distribution of responsibilities and authority within the respective governments. The term "devolution" was introduced by the British Prime Minister Harold Wilson in 1974 as part of his policy for transferring powers away from the central government towards local authorities. The idea behind devolution is to decentralize power and responsibility, allowing local governments to operate more
