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convergence |
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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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| Drawing on the metaphor of the vast streetscape of Los Angeles, intersections can be crossroads for collisions or convergences of communities, traditions, and visual expression. The individual voices start to sound together in anaphoric convergences, and eventually seem to blend entirely in the collective incantation of the basic rift: His approach stresses the motives and self interests of each group, and allows us rather easily to see convergences and clashes between the groups in a way that usefully eschews traditional cause and effect explanations for these inter-group interactions. |
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