What Is The Definition Of Fungible
What Is The Definition Of Fungible. The definition of fungible is interchangeable. 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:
For example, money is a fungible asset because it can be exchanged for. Fungible goods are those that can readily be estimated and. (law) something that is fungible.
The Definition Of Fungible Is Interchangeable.
For example, money is a fungible asset because it can be exchanged for. Fungibility is the property of being exchangeable for other assets of the same kind without any change in value or usability. An example of fungible used as an adjective is the phrase a fungible ingredient which means an ingredient for which something else can be.
Easy To Exchange Or Trade For Something Else Of The Same Type And Value:
Fungible —which derives from the latin verb fungi, meaning to perform (no relation to the noun fungus and its plural fungi )—is a word that often shows up in legal and political contexts. A description applied to items of which each unit is identical to every other unit, such as in the case of grain, oil, or flour. Fungible goods are those that can readily be estimated and.
(Law) Something That Is Fungible.
Fungibility is an economics term that describes the interchangeability of certain goods. The definition of fungible is interchangeable. Freely exchangeable for or replaceable by another of like nature or kind in the satisfaction of an obligation.
Fungible Refers To Items Or Commodities That Can Be Exchanged With Other Assets Or Commodities Of The Same Type.
For example, shares of common stock issued by. For example, a barrel of oil is fungible (interchangeable/indistinguishable) from any. According to dictionary, the word fungible is an adjective that means by law returnable or freely exchangeable with something else of the same kind.
( Law) Of Goods Or Commodities;
Fungible means objects or goods that can be exchanged for other assets or goods of the same type. Fungible things, or fungible assets, are items or goods that can be exchanged because they are effectively identical and carry the same value. 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:
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