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Convergence Property
The characteristic of a mathematical series or economic model to approach a limit or a stable point over time.
Maturity
The date on which the principal amount of a bond, loan, or other financial instrument becomes due and is to be paid in full.
Marking To Market
The process of updating the value of a financial instrument to reflect its current market value, rather than its purchase price or book value.
Daily Settlement
The process of reconciling buy and sell positions in futures and options markets at the end of each trading day based on the closing market prices.
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