Devolution and Drop

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

• (n.) The act of rolling down.
• (n.) Transference from one person to another; a passing or devolving upon a successor.

DEVOLUTION is the delegation of authority from higher to lower levels.

noun

• A shape that is spherical and small.
  • usage: "he studied the shapes of low-viscosity drops"; "beads of sweat on his forehead"
  • synonyms: bead, pearl
• A small indefinite quantity (especially of a liquid. ) "he had a drop too much to drink"; "a drop of each sample was analyzed"; "there is not a drop of pity in that man"; "years afterward, they would pay the blood-money, driblet by driblet-Kipling
  • synonyms: drib, driblet
• A sudden sharp decrease in some quantity.
  • usage: "a drop of 57 points on the Dow Jones index"; "there was a drop in pressure in the pulmonary artery"; "a dip in prices"; "when that became known the price of their stock went into free fall"
  • synonyms: dip, fall, free fall
• A steep high face of rock.
  • usage: "he stood on a high cliff overlooking the town"; "a steep drop"
  • synonyms: cliff, drop-off
• A predetermined hiding place for the deposit and distribution of illicit goods (such as drugs or stolen property. )
• A free and rapid descent by the force of gravity.
  • usage: "it was a miracle that he survived the drop from that height"
  • synonyms: fall
• A curtain that can be lowered and raised onto a stage from the flies; often used as background scenery.
  • synonyms: drop curtain, drop cloth
• A central depository where things can be left or picked up.
• The act of dropping something.
  • usage: "they expected the drop would be successful"

verb

• Let fall to the ground.
  • usage: "Don't drop the dishes"
• To fall vertically.
  • usage: "the bombs are dropping on enemy targets"
• Go down in value.
  • usage: "Stock prices dropped"
• Fall or descend to a lower place or level.
  • usage: "He sank to his knees"
  • synonyms: sink, drop down
• Terminate an association with.
  • usage: "drop him from the Republican ticket"
• Utter with seeming casualness.
  • usage: "drop a hint"; drop names"
• Stop pursuing or acting.
  • usage: "drop a lawsuit"; "knock it off"
  • synonyms: knock off
• Leave or unload.
  • usage: "unload the cargo"; "drop off the passengers at the hotel"
  • synonyms: drop off, set down, put down, unload, discharge
• Cause to fall by or as if by delivering a blow.
  • usage: "strike down a tree"; "Lightning struck down the hikers"
  • synonyms: fell, strike down, cut down
• Lose (a game. )
  • usage: "The Giants dropped 11 of their first 13"
• Pay out.
  • usage: "spend money"
  • synonyms: spend, expend
• Lower the pitch of (musical notes.
  • synonyms: flatten
• Hang freely.
  • usage: "the ornaments dangled from the tree"; "The light dropped from the ceiling"
  • synonyms: dangle, swing
• Stop associating with.
  • usage: "They dropped her after she had a child out of wedlock"
  • synonyms: dismiss, send packing, send away
• Let or cause to fall in drops.
  • usage: "dribble oil into the mixture"
  • synonyms: dribble, drip
• Get rid of.
  • usage: "he shed his image as a pushy boss"; "shed your clothes"
  • synonyms: shed, cast, cast off, shake off, throw, throw off, throw away
• Take (a drug, especially LSD), by mouth.
  • usage: "She dropped acid when she was a teenager"
• Omit (a letter or syllable) in speaking or writing.
  • usage: " New Englanders drop their post-vocalic r's"
• Leave undone or leave out.
  • usage: "How could I miss that typo"; "The workers on the conveyor belt miss one out of ten"
  • synonyms: neglect, pretermit, omit, miss, leave out, overlook, overleap
• Change from one level to another.
  • usage: "She dropped into army jargon"
• Fall or sink into a state of exhaustion or death.
  • usage: "shop til you drop"
• Grow worse.
  • usage: "Her condition deteriorated"; "Conditions in the slums degenerated"; "The discussion devolved into a shouting match"
  • synonyms: devolve, deteriorate, degenerate
• Give birth; used for animals.
  • usage: "The cow dropped her calf this morning"

• (v.i.) To let drops fall; to discharge itself in drops.
• (n.) To give birth to; as, to drop a lamb.
• (v.i.) To fall or be depressed; to lower; as, the point of the spear dropped a little.
• (v.i.) To fall in drops.
• (n.) Same as Gutta.
• (v.i.) To fall short of a mark.
• (n.) To let go; to dismiss; to set aside; to have done with; to discontinue; to forsake; to give up; to omit.
• (n.) The distance of the axis of a shaft below the base of a hanger.
• (v.i.) To be deep in extent; to descend perpendicularly; as, her main topsail drops seventeen yards.
• (n.) To send, as a letter; as, please drop me a line, a letter, word.
• (n.) Whatever is arranged to drop, hang or fall from an elevated position; also, a contrivance for lowering something.
• (n.) To cause to fall in one portion or by one motion, like a drop; to let fall; as, to drop a line in fishing; to drop a courtesy.
• (v.i.) To come to an end; to cease; to pass out of mind; as, the affair dropped.
• (n.) The depth of a square sail; -- generally applied to the courses only.
• (n.) A machine for lowering heavy weights, as packages, coal wagons, etc., to a ship's deck.
• (n.) A curtain which drops or falls in front of the stage of a theater, etc.
• (v.i.) To come unexpectedly; -- with in or into; as, my old friend dropped in a moment.
• (v.i.) To fall, in general, literally or figuratively; as, ripe fruit drops from a tree; wise words drop from the lips.
• (n.) To bestow or communicate by a suggestion; to let fall in an indirect, cautious or gentle manner; as, to drop hint, a word of counsel, etc.
• (n.) The quantity of fluid which falls in one small spherical mass; a liquid globule; a minim; hence, also, the smallest easily measured portion of a fluid; a small quantity; as, a drop of water.
• (n.) A drop press or drop hammer.
• (n.) To cover with drops; to variegate; to bedrop.
• (n.) To lower, as a curtain or the muzzle of a gun, etc.
• (n.) To pour or let fall in drops; to pour in small globules; to distill.
• (v.i.) To fall dead or to fall in death.
• (n.) A contrivance for temporarily lowering a gas jet.
• (n.) That which resembles or that which hangs like, a liquid drop; as a hanging diamond ornament, an earring, a glass pendant on a chandelier, a sugarplum (sometimes medicated) or a kind of shot or slug.
• (n.) A door or platform opening downward; a trap door; that part of the gallows on which a culprit stands when he is to be hanged; hence, the gallows itself.
• (n.) Act of dropping; sudden fall or descent.
• (n.) Any medicine the dose of which is measured by drops; as, lavender drops.
• (n.) Any small pendent ornament.

drop is the difference between the prices in a dollar roll on the two settlement dates. The drop is expressed in 32nds. The drop is the price that the buyer of the dollar roll pays to the seller for the right to own the mortgage security and receive its cash flows during the term of the transaction.