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- FUNGIBLE Definition Meaning - Merriam-Webster
Something described as fungible can be exchanged for something else of the same kind For example, when we say “oil is a fungible commodity,” we mean that when a purchaser is expecting a delivery of oil, any oil of the stipulated quantity and quality will usually do
- Fungibility - Wikipedia
A good is fungible if one unit of the good is equivalent to another unit of the same good, whereas a good is said to be liquid if it can be easily exchanged for money or a different good
- FUNGIBLE Definition Meaning | Dictionary. com
FUNGIBLE definition: (especially of goods) being of such nature or kind as to be freely exchangeable or replaceable, in whole or in part, for another of like nature or kind See examples of fungible used in a sentence
- Understanding Fungibility in Finance and Its Importance
Fungibility refers to the ability of an asset to be exchanged effortlessly with another item of the same kind and value Money is a prime example of a fungible asset, which can be exchanged
- What Does Fungible Mean? Legal Definition and Examples
Fungible describes any good or asset where individual units are interchangeable — one unit holds the same value and serves the same purpose as any other unit of the same type
- FUNGIBLE | definition in the Cambridge English Dictionary
FUNGIBLE meaning: 1 easy to exchange or trade for something else of the same type and value: 2 easy to exchange or… Learn more
- What Does Fungibility Mean? | The Motley Fool
Key Points Fungible items can be swapped as they hold identical value, e g , currency and stocks Non-fungible items have unique traits, giving them varying values, such as real estate
- Fungible - definition of fungible by The Free Dictionary
fungible - Interchangeable, returnable, or easily replaced See also related terms for interchangeable Farlex Trivia Dictionary © 2012 Farlex, Inc All rights reserved
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