Dictionary fungible
Webfungible 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 and type: Several million dollars of fungibles were illicitly moved from the bank. fungibility noun [ U ] Cash has the advantage of fungibility. 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 …
Dictionary fungible
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WebMay 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. 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 …
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 ... Webfun·gi·ble. (fŭn′jə-bəl) adj. 1. Law Returnable or negotiable in kind or by substitution, as a quantity of grain for an equal amount of the same kind of grain. 2. Interchangeable. n. …
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 ... WebJul 22, 2024 · Fungible, with its precise definition “ (especially of goods) of such a kind as to be freely exchangeable or replaceable for another of similar kind,” is pretty much restricted to law and finance. However the term is also used with a more general meaning of “interchangeable.”
Webnoun. : something that is fungible (see fungible entry 1 sense 1) : a good one part or quantity of which can be substituted for another of equal value in satisfying an …
WebOct 24, 2024 · Non-fungible definition The definition of a fungible asset is as follows: (especially of goods) being of such nature or kind as to be freely exchangeable or replaceable, in whole or in... how to repair hole in mufflerWebApr 18, 2024 · Fungible goods are items that are interchangeable because they are identical to each other for practical purposes. Commodities, common shares, options, … how to repair hole in metal doorWebNon-fungible tokens (NFTs) are digital code on a blockchain comprised of unique identification codes and metadata that distinguish them from one another. The following terms, which are used throughout this statement, are not legal definitions but are rather functional descriptions that the Department has developed based on how the terms are ... north america tallest buildingWebfungible 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 … north america tallest mountainWebfungible 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 ... north america television natas materialsWebDefinitions 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 … north america tallest towerWebApr 8, 2024 · Fungibility is the property of being exchangeable for other assets of the same kind without any change in value or usability. For instance, a U.S. dollar is fungible, because, at a given point in... north america taxi plattsburgh ny