Fungible: Difference between revisions
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* [[Commodity]] | * [[Commodity]] | ||
* [[Fungibility]] | * [[Fungibility]] | ||
* [[Token]] | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:The_business_context]] | [[Category:The_business_context]] | ||
[[Category:Financial_products_and_markets]] | [[Category:Financial_products_and_markets]] | ||
Revision as of 13:59, 2 August 2021
'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.
