Dictionary fungible
WebFungible 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 replaced according to weight, measure, and amount. West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. WebFungible refers to items or commodities that can be exchanged with other assets or commodities of the same type. For example, currency is a fungible asset because it can be exchanged for other ...
Dictionary fungible
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WebJan 25, 2015 · fungible (adj.) "capable of being used in place of another; capable of being replaced," 1818, a word in law originally, from Medieval Latin fungibilis, from Latin fungi … WebMar 17, 2024 · Non-fungible tokens, or NFTs, are the latest cryptocurrency phenomenon to go mainstream. And after Christie's auction house sold the first-ever NFT artwork — a …
WebDec 4, 2004 · fungible. 1: (adj) Of goods or commodities; freely exchangeable for or replaceable by another of like nature or kind in the satisfaction of an obligation. 2: (n) A … WebFeb 25, 2024 · According to Dictionary, the word fungible is an adjective that means by law returnable or freely exchangeable with something else of the same kind. This word is often used in law. The word fungible is three syllables (fun-gi-ble), and the pronunciation of fungible is fuhn-juh-buhl. The word fungible is often heard with the prefix non to form ...
WebSep 2, 2024 · How do you define fungible? Fungible’s meaning boils down to “the ability to be copied or replicated, and thus, interchangeable.” That means that fungible assets, such as the aforementioned U.S. dollar, have equal value to other dollars. WebDefinitions of fungible adjective of goods or commodities; freely exchangeable for or replaceable by another of like nature or kind in the satisfaction of an obligation …
WebDec 4, 2004 · 1: (adj) Of goods or commodities; freely exchangeable for or replaceable by another of like nature or kind in the satisfaction of an obligation 2: (n) A commodity that is freely interchangeable with another in satisfying an obligation 3: (n)(Slang) Items which are simultaneously the product of fungal growth--typically bluish, small and phallic in …
WebJan 25, 2015 · fungible (adj.) "capable of being used in place of another; capable of being replaced," 1818, a word in law originally, from Medieval Latin fungibilis, from Latin fungi "perform" (see function (n.)) via phrases such as fungi vice "to take the place." Earlier as a noun (1765). Entries linking to fungible function (n.) howa heavy barrel 22 250WebMay 8, 2024 · In trading, fungibility implies the ability to buy or sell the same financial instrument in two or more different markets. A financial instrument (such as a stock, bond, or futures contract) is considered fungible if it can be bought or sold on one market or exchange, and then sold or bought on another market or exchange. how a heat pump works this old houseWebfungible adj. (law: able to be traded or exchanged) fungible adj mf. canjeable adj mf. intercambiable adj mf. Money given to charities is fungible and can be used for any purpose related to the organization's needs. El dinero que se le da a la beneficencia es fungible y puede ser usado para cualquier propósito relacionado con las necesidades ... how many hours ago was 12:34 am oct 10 2022Webfungible. Of or relating to assets that are identical in quality and are interchangeable. Commodities, options, and securities are fungible assets. For example, an investor's … how many hours ago was 2009WebFungible. 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 … how many hours after meal is stomach emptyhow many hours ago was 3pmWebfungible noun [ C ] uk / ˈfʌndʒəbl / us COMMERCE, FINANCE, LAW something such as a currency, share, or goods, that can easily be exchanged for others of the same value … how many hours ago was 3pm yesterday