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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
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
fungible, adj. n. meanings, etymology and more | Oxford English . . . There are two meanings listed in OED's entry for the word fungible See ‘Meaning use’ for definitions, usage, and quotation evidence OED's earliest evidence for fungible is from 1649, in the writing of Anthony Ascham, diplomat and pamphleteer
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