noun
- The process of declining from a higher to a lower level of effective power or vitality or essential quality.
- synonyms: degeneration
- The delegation of authority (especially from a central to a regional government. ).
- synonyms: devolvement
Search for synonyms and antonyms
DEVOLUTION is the delegation of authority from higher to lower levels.
Charge is the document evidencing mortgage security required by Crown Law (law derived from English law). A Fixed Charge refers to a defined set of assets and is usually registered. A Floating Charge refers to other assets which change from time to time (ie. Cash, inventory, etc.), which become a Fixed Charge after a default.