Fungible: Difference between revisions
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imported>Doug Williamson (Expand and add link.) |
imported>Doug Williamson (Expand.) |
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'Fungible' describes securities or other assets that are fully interchangeable. | |||
The best-known example of a fungible asset is cash. | The best-known example of a fungible asset is cash. | ||
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The quoting of a price for a commodity means that the commodity is fungible, within the quality and other specifications of the commodity contract. | 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. | |||
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* [[Assets]] | * [[Assets]] | ||
* [[Commodity]] | * [[Commodity]] | ||
* [[Fungibility]] | |||
Revision as of 12:53, 30 October 2016
'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.
