Fungibility
From ACT Wiki
1.
'Fungibility' describes the extent to which one security can be substituted for another.
2.
It may also describe a situation in which securities or other assets are fully interchangeable (fungible).
1.
'Fungibility' describes the extent to which one security can be substituted for another.
2.
It may also describe a situation in which securities or other assets are fully interchangeable (fungible).