Fungible

'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
• Intangible assets
• Non-fungible token
• Tangible asset
• Token