convergence Hear it!

convergence Definition

con·ver·gence (kən vʉr′jəns)

noun

  1. the act, fact, or condition of converging
  2. the point at which things converge
  3. Biol. the development of similarities in unrelated organisms living in similar environments

Etymology: < convergent

convergence Related Forms

con·ver′·gent adjective

convergence Synonyms

convergence

n.

union, concurrence, merging, confluence; see concentration 1, meeting 1.

convergence Finance Definition

The degree to which the price in a futures or forward market moves toward, or converges, with prices in the cash market as the expiration date approaches. Generally, if convergence is reached at expiration, then that market is likely to be more liquid and easily traded. A trader can be fairly certain that a stock index contract closely matches the cash settlement value of the actual stocks, so it serves as a good hedge. If convergence is less definite, then the pricing relationships between the futures contract and the cash product are less defined and may pose problems for traders or arbitrageurs who want to use the financial instruments to hedge their risk.

convergence Telecom Definition

  1. The moving from different directions towards union or one another, especially referring to entities that were very different or even opposed.
  2. In telecommunications, the coming together of voice, facsimile, data, video, and image applications, systems, and networks, both wireline and wireless. The developing IP Multimedia Subsystem (IMS) currently comes closest to full-on convergence. IMS is an architectural concept built around a packet core and providing an environment in which a user can access a wide range of multimedia services using any device and any type of network connection. See also IMS.

convergence Usage Examples

Preposition: of

  • telecommunication: Telematics The convergence of telecommunications, computers and other technologies.
  • computing: The convergence of computing and home entertainment is where Microsoft believes it can establish a new market share.
  • broadcasting: I have already mentioned the increasing reality of the convergence of broadcasting and broadband.
  • algorithm: Global convergence of the algorithm is achieved through the monotonic decrease of a merit function.

Converse of object

  • accelerate: They will need to make that commitment to respond to customers ' needs in a world of accelerating convergence that I described earlier.
  • achieve: We can report that since 1997 there has been significant progress in achieving cyclical convergence.
  • imply: Industry convergence implies network convergence with common networks for a wide range of services.
  • facilitate: Indeed, the process of simultaneous debate and consultation in all countries will greatly facilitate convergence.

Adjective modifier

  • fixed-mobile: Originally developed for the mobile industry, IMS now supports fixed networks as well, driving the wave for fixed-mobile convergence.
  • durable: This is conditional on the achievement of sustainable and durable convergence between the UK and the euro area.
  • Antarctic: Only 43 species of birds occur south of the Antarctic Convergence, nearly all of them seabirds.
  • cyclical: But they are much less bright if we were to enter the euro without sustainable cyclical convergence.
  • extreme: In these conditions, the double extreme convergence is limited to a zone between two values of U.
  • harmonic: At the Harmonic Convergence of 1987, this movement reached a flowering and a breakthrough.

Modifies a noun

  • criterion: Only Greece is deemed to have failed to meet the necessary convergence criteria.
  • theorem: Toward consensus: some convergence theorems on repeated averaging.
  • acceleration: Keywords: Solid state physics, Lattice dynamics, Lattice sums, Convergence acceleration, Incomplete gamma Function.
  • era: A key aspect of the convergence era is that a 'global information society ' is being created, in which we are all citizens.

Noun used with modifier

  • fixed-mobile: He believes that a FMC ( fixed-mobile convergence ) hierarchical architecture needs to be built in stages for gradual development of customer integrated services.
  • beam: The concepts of " underfocus " and " overfocus " are introduced via ray diagrams and beam convergence is defined.