Fungible: Difference between revisions
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== See also == | == See also == | ||
* [[Assets]] | * [[Assets]] | ||
* [[Benchmark]] | |||
* [[Commodity]] | * [[Commodity]] | ||
* [[Fungibility]] | * [[Fungibility]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
[[Category:Financial_products_and_markets]] | |||
Revision as of 22:15, 28 April 2020
'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.
