DEVOLVE Definition

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DEVOLVE is to pass on or delegate to another, e.g. a devolved letter of credit.

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THIN MARKET is a market in which there is not an abun­dance of securities available, where any activity, either a purchase or sale, may have a substantial effect on market prices. See TIGHT MARKET.

SELL-THROUGH, in retail sales, is the number of product distributed that are actually sold, e.g. movies sold as compared to rented.

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