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convergence |
Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia, Hutchinson | 0.03 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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| There may be some built-in differences in the processes behind the creation of accounting standards that cause convergency to be done slowly, and there's not a thing wrong with that. Herz said, "By working with the IASB on the short-term convergency project, as well as on longer-term issues, the chances of success are greatly improved. Diller, in his annual letter to shareholders, insists the businesses mesh: "We believe the company is in the perfect place to forge the convergency of entertainment, information and direct selling. |
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