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convergence |
Also found in: Dictionary/thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.06 sec. |
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Convergence The movement of the price of a futures contract toward the price of the underlying cash commodity. At the start, the contract price is usually higher because of time value. But as the contract nears expiration, and time value decreases, the futures price and the cash price converge.
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At some later time, a new cell develops near the boundary layer convergence zone and merges with the supercell. The work found that the aerosols reached as far south as the Intertropical Convergence Zone, close to the equator, where trade winds swirl together and shoot hot air to high altitudes. Therefore some initial work closer to existing or abandoned mines will be undertaken such that the structural geometries within the Battle Mountain Gold Belt will provide convergence zones extrapolated below the basalts for future drilling. |
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