Fungible: Difference between revisions
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* [[Commodity]] | * [[Commodity]] | ||
* [[Fungibility]] | * [[Fungibility]] | ||
* [[Non-fungible token] | * [[Non-fungible token]] | ||
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Revision as of 14:08, 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.
