fungible

(noun)

Able to be substituted for something of equal value or utility; interchangeable, exchangeable, replaceable

Related Terms

Examples of fungible in the following topics:

  • The Role of the Financial System

    • A financial market or system is a market in which people and entities can trade financial securities, commodities, and other fungible items.
    • A financial market or system is a market in which people and entities can trade financial securities, commodities, and other fungible items .

  • Types of Financial Markets

    • A financial market is an aggregate of possible buyers and sellers of financial securities, commodities, and other fungible items, as well as the transactions between them.

  • Market Share

    • However, increasing market share may be dangerous for makers of fungible hazardous products, particularly products sold into the United States market, where they may be subject to market share liability.

  • Role of Financial Markets in Capital Allocation

    • A financial market is an aggregate of possible buyers and sellers of financial securities, commodities, and other fungible items and the transactions between them .

  • The Definition of Money

    • To function as a unit of account, money must be divisible into smaller units without loss of value, fungible (one unit or piece must be perceived as equivalent to any other), and a specific weight or size to be verifiably countable.

  • Functions of Money

    • It must be fungible.

  • The Rise of Proprietary Software and Free Software

    • Raw computing power was becoming a fungible good, while software was becoming the differentiator.