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Home > QFINANCE Dictionary > Definition of convergence

Definition of

convergence

  • 1. Economics

    movement toward similarity in countries' economies a situation in which the economic factors in two countries become more alike, for example, when basic interest rates or budget deficits become more similar

  • 2. Markets

    coming together of futures and spot prices a situation in which the price of a commodity on the futures market moves toward the spot price as settlement date approaches

Definitions of ’convergence’ and meaning of ’convergence’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’convergence’ and other financial terms with our online QFINANCE Financial Dictionary.

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