| 释义 |
fungible
fun·gi·ble F0364400 (fŭn′jə-bəl)adj.1. Law Returnable or negotiable in kind or by substitution, as a quantity of grain for an equal amount of the same kind of grain.2. Interchangeable.n. often fungibles Law Something that is fungible.
[Medieval Latin fungibilis, from Latin fungī (vice), to perform (in place of).]
fun′gi·bil′i·ty n.fungible (ˈfʌndʒɪbəl) lawn (Law) (often plural) moveable perishable goods of a sort that may be estimated by number or weight, such as grain, wine, etcadj (Law) having the nature or quality of fungibles[C18: from Medieval Latin fungibilis, from Latin fungī to perform; see function] ˌfungiˈbility nfun•gi•ble (ˈfʌn dʒə bəl)
adj. (of goods) exchangeable or replaceable, in whole or in part, for another of like nature or kind. [1755–65; < Medieval Latin fungibilis, derivative of Latin fung(ī) to perform the office of] fun`gi•bil′i•ty, n. fungible - Interchangeable, returnable, or easily replaced.See also related terms for interchangeable.Thesaurus| Noun | 1. | fungible - a commodity that is freely interchangeable with another in satisfying an obligationcommodity, trade good, good - articles of commerce | | Adj. | 1. | fungible - of goods or commodities; freely exchangeable for or replaceable by another of like nature or kind in the satisfaction of an obligationlaw, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order"exchangeable - suitable to be exchanged |
Translationsfungible
fungible[′fən·jə·bəl] (chemical engineering) Pertaining to petroleum products whose characteristics are so similar they can be commingled. Fungible
Related to Fungible: Fungible thingsFungibleA description applied to items of which each unit is identical to every other unit, such as in the case of grain, oil, or flour. Fungible goods are those that can readily be estimated and replaced according to weight, measure, and amount. fungible
FungibilityThe state of being interchangeable. For example, money has fungibility because there is no difference between one dollar and another dollar. Likewise, stocks of the same type in the same company and commodities of the same quality are generally fungible. On the other hand, assets like land or baseball cards are not fungible because each unit has unique qualities that add or subtract value.fungible Of or relating to assets that are identical in quality and are interchangeable. Commodities, options, and securities are fungible assets. For example, an investor's shares of Xerox left in custody at a brokerage firm are freely mixed with other customers' Xerox shares. Likewise, stock options are freely interchangeable among investors, and wheat stored in a grain elevator is not specifically identified as to its ownership.Fungible.When two or more things are inter-changeable, can be substituted for each other, or are of equal value, they are described as fungible. For example, shares of common stock issued by the same company are fungible at any point in time since they have the same value no matter who owns them. Forms of money, such as dollar bills or euros, are fungible since each can be exchanged or substituted for another of the same currency. Similarly, put and call futures contracts on the same commodity that expire on the same date are fungible since a contract to buy -- a call -- can offset, or neutralize, a futures contract to sell -- a put. On the other hand, multiple classes of the same stock may not be fungible. For example, in some markets citizens of the country are eligible to buy one class of stock and noncitizens a different class. Typically, the shares have different prices and may not be exchanged for each other. fungible
Related to fungible: Fungible thingsWords related to fungiblenoun a commodity that is freely interchangeable with another in satisfying an obligationRelated Wordsadj of goods or commoditiesRelated Words- law
- jurisprudence
- exchangeable
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