Fungible
From ACT Wiki
'Fungible' describes securities or other assets that are fully interchangeable.
The best-known example of a fungible asset is cash.
The quoting of a price for a commodity means that the commodity is fungible, within the quality and other specifications of the commodity contract.
Fungibility may also be relative.
See also
- Assets
- Benchmark
- Commodity
- Fungibility
- [[Non-fungible token]
- Token